Softchoice Reports Strong Q3 2024 Financial Results
Company Announcements

Softchoice Reports Strong Q3 2024 Financial Results

Story Highlights
  • Softchoice saw a 10% increase in gross profit due to strong growth in Software & Cloud.
  • The company expanded its customer base by 4% and increased its revenue retention rate.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Softchoice Corporation (TSE:SFTC) has released an update.

Softchoice Corporation reported a 10% year-over-year increase in gross profit, driven by robust growth in its Software & Cloud and Services segment. The company also expanded its customer base by 4%, achieving a revenue retention rate of 105% from existing clients. Despite challenges, Softchoice’s net income saw an 8% rise, showcasing its capacity for steady financial performance.

For further insights into TSE:SFTC stock, check out TipRanks’ Stock Analysis page.

Related Articles
Carrie WilliamsSFTC Earnings this Week: How Will it Perform?
TipRanks Canadian Auto-Generated NewsdeskSoftchoice to Review Q3 2024 Financial Results in Upcoming Call
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App