Quorum Information Technologies (TSE:QIS) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Quorum Information Technologies Inc. has reported a notable increase in its first quarter results for 2024, with a 61% rise in Adjusted EBITDA and a significant 189% jump in Adjusted Cash Income from the previous year. The company’s SaaS revenue also saw a recovery, climbing to $7.2 million, supported by a combination of factors including backlog installation, pricing adjustments, and new customer acquisitions. These financial achievements highlight Quorum’s successful implementation of its profitable growth strategy and cost management practices.
For further insights into TSE:QIS stock, check out TipRanks’ Stock Analysis page.