Quisitive Reports First Quarter 2023 Financial Results Driven by Strength in Payments Solutions
TORONTO, May 15, 2023 (GLOBE NEWSWIRE) — Quisitive Technology Solutions Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, today reported financial results for the first quarter ended March 31, 2023.
Management Commentary
“Our first quarter showcased the benefit of our dual-pronged business as sequential and year-over-year growth in both of our key segments drove strong financial results,” said Mike Reinhart, CEO of Quisitive. “The continued demand for our Microsoft solutions and the increasing adoption of our payments solutions demonstrate the fundamental strength of our business model.”
Quisitive reported total revenue of $15.7 million for the first quarter of 2023, representing a 25% increase from the same period last year. The Company’s payments solutions segment experienced particularly strong growth, with revenue up 35% year-over-year.
Quisitive’s focus on delivering innovative and cutting-edge solutions to its clients has positioned the Company for continued success in the rapidly evolving technology landscape. By leveraging its expertise in Microsoft technologies and expanding its payments solutions offerings, Quisitive is well positioned to capitalize on the growing demand for digital transformation services.
As Quisitive continues to drive innovation and deliver value to its customers, the Company is confident in its ability to sustain its growth trajectory and create long-term value for its shareholders.
How This Will Affect Me
As a consumer or business owner, the strong financial results reported by Quisitive indicate that the Company is successfully meeting the needs of its clients and growing its business. This could potentially result in expanded offerings and improved services for you as a customer, as Quisitive continues to invest in new technologies and solutions.
How This Will Affect the World
Quisitive’s success in driving growth and innovation in the technology sector has broader implications for the world at large. By developing cutting-edge solutions and driving digital transformation, Quisitive is contributing to the advancement of technology and the global economy. This can lead to increased efficiency, productivity, and connectivity on a global scale.
Conclusion
Overall, Quisitive’s strong financial results for the first quarter of 2023 demonstrate the Company’s continued commitment to innovation and excellence. With its dual focus on Microsoft solutions and payments solutions, Quisitive is well positioned to drive growth and create value for its customers and stakeholders in the coming years.
