This morning  Quindell Portfolio (LON:QPP) announced another contract win with Honda, Quindell will deliver a range of accident management services to Honda customers. The contract was was awarded after a trial period which commenced in January 2013 and will run for a minimum of three years, some important factors that I read into the latest RNS.

Firstly and in my opinion most important, the RNS  was presented by the Simon Pook, Chief Operating Officer Quindell Business Process Services  at a divisional level and at Group level David Sandhu, Group Chief Operating Officer, to me this is the company demonstrating they are more than a one man team.

Whilst we have no visibility of revenue or profitability in the RNS, I for one am pleased, there is already enough hype and positivity on the bulletin boards and this does not need fueling. Honda is a great brand and will be useful marketing tool for the company, its also organic growth.

Looking forward at the three main competitors in this marketplace you can see from the table below, Quindell are in another league when directly compared to Guidewire and Innovation (LON:TIG). Quindell are on track for revenue growth of approximately 222%,  so who is the real growth company in this sector?

FY13 forecast data

Quindell Portfolio PLC

Guidewire inc

Innovation Group PLC

Revenue £GBX

442,000,000

192,460,820

209,700,000

Revenue Growth

222%

25.5%

8%

EPS £ GBX

2.35

0.33

1.49

Net income £GBX

93,400,000

18,731,747

14,510,514

Net profit Margin

21.13%

9.73%

6.92%

 

Guidewire filed 3rd quarter results yesterday whilst we're ahead in revenue terms resulted in a loss of $2.7 million or $0.05 per share,  they have been rewarded by the investing public and institutions in the States with a 9% rise in share price overnight.  I am happy to see success for Guidewire its a benchmark that I hope to see Quindell Portfolio (LON:QPP) achieve in terms of valuation.

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