Quisitive Technology Solutions (TSE:QUIS) has released an update.
Quisitive Technology Solutions Inc. has reported a decline in first quarter revenue to $29.9 million from $31.9 million the previous year, amidst reduced demand for professional services. However, the company saw an increase in gross profit margins to 42.8% and a rise in adjusted EBITDA to $3.9 million due to cost management strategies implemented in 2023. These results are paired with strategic moves, including executive appointments, sales of non-core assets, and the launch of AI-focused initiatives in collaboration with Microsoft.
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