In its update for the year to December 31, the software testing and quality management services provider said it saw improvements across its key markets of Germany and the UK in H2 and secured a number of new contracts, providing good visibility into 2010.

'Our services and consulting business experienced improving rates of utilisation, with a return to normal utilisation levels during the last quarter.

'Price levels have not yet recovered to historical levels but the price deflation experienced in the first half of 2009 stabilised in the second half.'

Austria and Switzerland continued to perform well and the Nordic regions were now showing positive signs of recovery.

CEO Rudolf van Megen said, 'While we remain aware that markets have not yet fully recovered we are encouraged by recent developments and look forward to 2010.'

Story provided by Business Financial Newswire