13 November 2002
13 November 2002
Our trading statement on 24 September 2002 reflected poorer than expected
trading in the third quarter and reduced expectations for the level of customer
demand in the important fourth quarter. It indicated that a second half
operating loss of around £0.5 million before exceptional charges and goodwill
Since that announcement we have seen no fundamental change in the market. QA
has, however, been successful in winning a number of significant training
solutions projects and some specialised technical consulting assignments. These
new projects will contribute to our profitability in October and November such
that we now anticipate a small operating profit, before exceptional charges and
goodwill, in the second half of our financial year.
While we believe it would be premature to consider these improvements a
sustainable trend, some of this new project work is expected to continue into
the early months of our 2003 financial year. This, combined with the positive
action we have taken and continue to take on costs, underpins our expectation of
a stronger performance in 2003.
For further information please contact:
QA plc 020 7656 8484
Keith Burgess, Executive Chairman
Weber Shandwick Square Mile 020 7950 2800
Nick Oborne/ Louise Robson/ Sally Lewis
QA plc is a specialist business dedicated to improving the IT effectiveness of
people and technology. QA leads the market with IT training and consulting
services that optimise the development and deployment of skills and technology.
QA's client-focused, integrated solutions empower clients to be more effective
and add measurable business value. Recognised as the UK's leading IT training
provider, QA counts the majority of FTSE 100 companies amongst its client base.
This information is provided by RNS
The company news service from the London Stock Exchange