Quisitive reports strong Q2 2024 results, focusing on AI services and achieving revenue goals.

From GlobeNewswire: 2024-08-20 16:05:00

Quisitive Technology Solutions Inc. reported financial results for Q2 2024, with revenue of $29.6 million. CEO Mike Reinhart noted strong customer interest in AI services, leading to a promising backlog. Gross profit margin increased to 42%, with managed services revenue growth. Adjusted EBITDA was $3.9 million, reaffirming guidance for fiscal year 2024.

Quisitive received Microsoft’s Global Analytics Partner of the Year Award and Board International’s Solution Partner of the Year Award. Dan Kunz was appointed EVP of Microsoft Cloud and AI Global Delivery. The Company also sold BankCard USA to focus on Microsoft cloud and AI services. The Company plans for revenue between $120-130 million in fiscal year 2024.



Read more at GlobeNewswire:: Quisitive Reports Second Quarter 2024 Financial Results