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.
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