Quorum Information Technologies (TSE:QIS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:QIS stock, check out TipRanks’ Stock Analysis page.
