IQGEO Group (IQG)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

380.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 394.00
  • 52 Week Low: 198.00
  • Currency: UK Pounds
  • Shares Issued: 61.69m
  • Volume: 9,733
  • Market Cap: £234.43m

IQGeo wins contract with major US utility

By Josh White

Date: Wednesday 06 Dec 2023

LONDON (ShareCast) - (Sharecast News) - Geospatial software specialist IQGeo announced on Wednesday that a significant tier-one multi-service utility in the United States had chosen its software to enhance field workflows within its electric and gas operations.
The AIM-traded firm said the unnamed utility, which serves more than five million customers across eight states, had opted for its software to bolster the management of its electric grid and gas network.

It said the project's total value stood at $3m, covering software licences, ongoing maintenance and support, and professional services spanning five years.

"This project win perfectly illustrates the flexibility of our software architecture and the potential of the utility industry for our business," said chief executive officer Richard Petti.

"Electric grid and gas network field operations are complex and multi-disciplined, and our software is dramatically improving process efficiency across network construction and operations."

Petti said the utility industry was starting a significant investment phase as it redesigns its networks to meet net zero carbon objectives.

"I expect this investment to parallel the growth cycle we saw in the telecom industry in previous years with a strong trajectory for the next decade, and IQGeo is well positioned to benefit from this large capex cycle."

At 1445 GMT, shares in IQGeo were up 4.05% at 305.9p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IQGEO Group Market Data

Currency UK Pounds
Share Price 380.00p
Change Today -10.00p
% Change -2.56 %
52 Week High 394.00
52 Week Low 198.00
Volume 9,733
Shares Issued 61.69m
Market Cap £234.43m

IQGEO Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.63% below the market average89.63% below the market average89.63% below the market average89.63% below the market average89.63% 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
95.34% above the market average95.34% above the market average95.34% above the market average95.34% above the market average95.34% 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
48.82% above the market average48.82% above the market average48.82% above the market average48.82% above the market average48.82% 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 23-Feb-2024

Time Volume / Share Price
16:27 1,243 @ 388.00p
15:11 1,040 @ 384.00p
14:11 190 @ 384.00p
13:01 1,059 @ 378.00p
12:06 774 @ 385.88p

IQGEO Group Key Personnel

CEO Richard Petti
CFO Haywood Chapman

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