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