Interesting growth reports amid a strategic shift in direction

Interesting technological solutions (TSE:QUIS) has released an update.

Quisitive Technology Solutions Inc. saw first-quarter revenue decline to $29.9 million from $31.9 million in the prior year due to reduced demand for professional services. However, the company saw gross profit margin increase to 42.8% and adjusted EBITDA increase to $3.9 million thanks to cost management strategies implemented in 2023. These results come with strategic moves including executive appointments, the sale of non-core assets and the launch of AI-focused initiatives with Microsoft.

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