From GlobeNewswire.: 2024-11-25 16:30:00

Quisitive Technology Solutions Inc. reported financial results for Q3 2024, with revenue improving to $30.7 million and gross profit at 42.9%. The company completed hiring for its AI Blackbelt Team and developed an AI Innovation Center for Azure customers. Fiscal year 2024 guidance includes revenue of $119-121 million and Adjusted EBITDA of $15-16 million.

The company also hosted Microsoft’s SMC Sales and Tech Summit event and was awarded 2024 Microsoft Analytics Partner of the Year. Quisitive is holding a conference call today to discuss results and future plans. The Company’s total senior debt to Adjusted EBITDA ratio was approximately 1.9:1.0 at September 30, 2024.

Quisitive is a premier Microsoft partner focused on cloud and AI solutions. The Company provides transformative outcomes for customers using Microsoft technologies. For more information, visit their website. Adjusted EBITDA is a financial metric used by the Company to evaluate performance and measure operations. Forward-looking statements in this news release discuss growth potential and financial outlook for Quisitive.



Read more at GlobeNewswire.:: Quisitive Reports Third Quarter 2024 Financial Results