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IT

QSC returns to profit in Q2, cloud revenues double

Monday 8 August 2016 | 10:02 CET | News
German IT and data services provider QSC has reported positive EBIT of EUR 2 million for Q2 2016, compared to a negative EBIT of -EUR 2.2 million in Q2 2015. During the second quarter, QSC also reported positive consolidated net income for the first time in eight quarters at EUR 0.2 million, compared to year-earlier net loss of EUR 2.7 million. Revenues reached EUR 99.2 million in Q2 2016, compared to EUR 100.9 million in Q2 2015, with cloud revenues more than doubling to EUR 4 million. Revenues from consulting services topped the EUR 10 million mark for the first time. EBITDA improved

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Categories: IT
Companies: QSC
Countries: Germany
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