Quorum Information Technologies (TSE:QIS) has released an update.
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.
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