IQGEO Group (IQG)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

378.57p
   
  • Change Today:
    -1.43p
  • 52 Week High: 394.00
  • 52 Week Low: 198.00
  • Currency: UK Pounds
  • Shares Issued: 61.69m
  • Volume: 6,617
  • Market Cap: £233.55m

IQGeo signs new contracts with German, American customers

By Josh White

Date: Tuesday 11 Jul 2023

LONDON (ShareCast) - (Sharecast News) - Telecom and utility geospatial software specialist IQGeo announced the signing of significant new contracts with a tier-1 US telecom provider and one of Germany's top broadband operators on Tuesday.
The AIM-traded firm said both customers, which had previously used IQGeo or Comsof software, had chosen to expand their partnership with IQGeo by implementing its 'Network Manager Telecom' software as their strategic core technology for the long-term growth and management of their full-fibre and hybrid-fibre coaxial (HFC) networks.

It said the German customer contract, with a minimum total value of more than €2m, would span a three-year period, while the US customer signed a three-year contract valued at over $2m, including IQGeo cloud hosting services.

"These two new contracts are a great example of how we have been successfully expanding the use of our software with existing customers in two of our key markets," said chief executive officer Richard Petti.

"We are now seen as an innovation and technology leader in the telecom space and these recent wins put our technology at the very heart of their business operations and validates our upsell and cross-sell strategy we saw from the Comsof acquisition.

"We are very pleased to be working with these customers to help them achieve rapid fibre rollout and efficient long-term network operations in a highly competitive market."

At 1400 BST, shares in IQGeo were up 5.14% at 266p.

Reporting by Josh White for Sharecast.com.

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IQGEO Group Market Data

Currency UK Pounds
Share Price 378.57p
Change Today -1.43p
% Change -0.38 %
52 Week High 394.00
52 Week Low 198.00
Volume 6,617
Shares Issued 61.69m
Market Cap £233.55m

IQGEO Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.89% below the market average89.89% below the market average89.89% below the market average89.89% below the market average89.89% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
95.46% above the market average95.46% above the market average95.46% above the market average95.46% above the market average95.46% above the market average
92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average92.31% above the sector average
Income Not Available
Growth
48.79% above the market average48.79% above the market average48.79% above the market average48.79% above the market average48.79% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IQGEO Group Dividends

No dividends found

Trades for 27-Feb-2024

Time Volume / Share Price
12:28 1,000 @ 384.88p
10:03 149 @ 375.00p
09:45 17 @ 380.00p
09:23 5,451 @ 384.00p

IQGEO Group Key Personnel

CEO Richard Petti
CFO Haywood Chapman

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