Quorum Information Technologies (TSE:QIS) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Quorum Information Technologies Inc. reported a successful fiscal year with a 26% increase in Adjusted EBITDA, reaching $7.0 million, and a rise in Adjusted Cash Income to $4.5 million. Despite a slowdown in SaaS revenue growth due to an installation backlog, the company anticipates a rebound in the upcoming quarter. Quorum attributes the strong performance to its strategic focus on profitable growth, cost management, and a comprehensive suite of 13 essential software solutions.
For further insights into TSE:QIS stock, check out TipRanks’ Stock Analysis page.