0
IT

QSC returns to profit in Q2, cloud revenues double

Monday 8 August 2016 | 10:02 CET | News
German IT and data services provider QSC has reported positive EBIT of EUR 2 million for Q2 2016, compared to a negative EBIT of -EUR 2.2 million in Q2 2015. During the second quarter, QSC also reported positive consolidated net income for the first time in eight quarters at EUR 0.2 million, compared to year-earlier net loss of EUR 2.7 million. Revenues reached EUR 99.2 million in Q2 2016, compared to EUR 100.9 million in Q2 2015, with cloud revenues more than doubling to EUR 4 million. Revenues from consulting services topped the EUR 10 million mark for the first time. EBITDA improved

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: IT
Companies: QSC
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

QSC posts weaker FY revenue, EBITDA amid restructure

Published 09 Mar 2017 09:43 CET | Germany
German IT and data services provider QSC has reported softened revenue and EBITDA for the financial year 2016 as it rounded up a ...

QSC sells off FTAPI Software, announces write-downs

Published 21 Dec 2016 11:27 CET | Germany
German IT and data services provider QSC has sold its subsidiary FTAPI Software in a management buyout as part of a larger ...

QSC revenue, EBITDA takes a hit in Q3

Published 15 Nov 2016 10:00 CET | Germany
German IT and data services provider QSC has seen its revenues and EBITDA fall in Q3 compared to the year prior due in part to a ...

German telecom market: falling MNO revenues, Telekom approaching margin of Unitymedia

Published 21 Oct 2016 12:46 CET | Germany
The German telecom market is characterised by a large number of participants, many of which are listed or part of listed groups. ...

Telecommarkt Duitsland: dalende omzet bij MNOs, marge Telekom nadert die van Unitymedia

Published 13 Oct 2016 15:31 CET | Germany
De Duitse telecommarkt kenmerkt zich door een groot aantal participanten, veelal beursgenoteerd of onderdeel van een genoteerde ...

QSC to upgrade ICT operations for apt Hiller

Published 02 Aug 2016 11:46 CET | Germany
German IT and data services provider QSC has been selected by Monheim-based metal processing company apt Hiller to deliver ...

Q-loud joins Scheer's Industry 4.0 expert network

Published 19 Jul 2016 13:17 CET | Germany
Q-loud, a subsidiary of QSC that specialises in the Internet of Things (IoT), has with immediate effect become a member of the ...