Quisitive Technology Solutions (TSE:QUIS) has released an update.
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Quisitive Technology Solutions Inc. reported a decrease in full-year revenue from $137.8 million in 2022 to $121.2 million in 2023, while managing to slightly increase gross profit margins. The company divested its payments division to focus on its core Microsoft Cloud and AI solutions, expecting AI-driven revenue growth in the next year. Despite 2023’s challenging IT services market, strategic shifts towards recurring services and AI have positioned Quisitive for future growth and improved shareholder value.
For further insights into TSE:QUIS stock, check out TipRanks’ Stock Analysis page.
