Direct Communication Solutions (TSE:DCSI) has released an update.
Direct Communication Solutions has made significant progress in its transition to a SaaS-focused model, achieving record SaaS revenues with high gross margins and a substantial year-over-year increase in annual recurring revenue. Despite these gains, the company reported a significant decline in total revenues and gross profit in Q2 2024 compared to the previous year, as a result of their strategic shift away from lower-margin hardware sales.
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