Today announced its financial results for the first quarter ended March 31, 2023. Unless otherwise noted, all dollar amounts are in U.S. dollars. Gross profit increased by 10.6% to $74.2 million, from $67.1 million in Q1 2023, driven by a 20.1% or $8.1 million increase in Software & Cloud solutions which more than offset a decline in Hardware sales consistent with industry trends. Net income increased to $4.5 million from $3.7 million in Q1 2022. Softchoice Corporation shares T.SFTC are trading down $0.06 at $17.46.
Stocks in play: Softchoice Corporation
Baystreet.ca - Baystreet - Contributor Content
This article could contain syndicated content. We have not reviewed, approved, or endorsed the content and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here
/Computer%20board%20micro%20chip%20green%20by%20blickpixel%20via%20Pixabay.jpg){kind=tracking}
/AI%20(artificial%20intelligence)/Hands%20of%20robot%20and%20human%20touching%20on%20big%20data%20network%20connection%20by%20PopTika%20via%20Shutterstock.jpg)