Quorum Information Technologies (TSE:QIS) has released an update.
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Quorum Information Technologies Inc. has reported a significant increase in financial performance for Q2 2024, with an 18% rise in Adjusted EBITDA and a 39% jump in Adjusted Cash Income, indicating robust profit growth and effective cost management. The company’s SaaS Revenue grew modestly by 2%, maintaining overall steady revenue, while strategic execution led to a substantial paydown of debt on their BDC Capital Facility.
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