Wednesday, May 11th 2011
EQ Software has announced another year of sales and profits growth. Since the 2005 management buy-out from the Mereway Group; EQ Software has grown from strength to strength. The latest year’s unaudited figures for the year ending 31st March 2011 indicate that the company has increased its sales (over the previous year) by 38% and operating profits by more than 100%.
Leigh Martin, Managing Director commented “Since the buy-out we have delivered year on year compound sales growth of more than 25%, despite the set-back of the recession in 2008/9 and there is no sign that we are looking to slow down any time soon. The launch of the highly acclaimed web-based eStore package and our new distribution partner in Australia certainly boosted our performance last year and we go into the new fiscal year with a pretty decent order book. EQ has an exciting product range, a great management team, and new partners selling our software in South Africa, Australia and the USA with room to expand in our new head office facilities here in the UK. We are on the lookout for strategic acquisitions and are hoping to open distribution channels to at least one new country during the coming financial year. As the UK economy finally and slowly drags itself out of recession I feel that we are set fair to benefit from the growth opportunities that will accrue. At EQ we are certainly looking forward to the coming financial year with confidence and excitement, which is testament to all the hard work our staff have put in over the last few years”.