Quorum Information Technologies Past Earnings Performance
Past criteria checks 2/6
Quorum Information Technologies's earnings have been declining at an average annual rate of -5.3%, while the Software industry saw earnings growing at 14.9% annually. Revenues have been growing at an average rate of 11.1% per year. Quorum Information Technologies's return on equity is 0.9%, and it has net margins of 0.6%.
Key information
-5.3%
Earnings growth rate
-2.2%
EPS growth rate
| Software Industry Growth | 17.3% |
| Revenue growth rate | 11.1% |
| Return on equity | 0.9% |
| Net Margin | 0.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Quorum Information Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 40 | 0 | 10 | 4 |
| 30 Sep 23 | 40 | -1 | 10 | 4 |
| 30 Jun 23 | 40 | -1 | 11 | 3 |
| 31 Mar 23 | 39 | -1 | 11 | 3 |
| 31 Dec 22 | 39 | -1 | 11 | 3 |
| 30 Sep 22 | 38 | -3 | 12 | 2 |
| 30 Jun 22 | 38 | -3 | 12 | 2 |
| 31 Mar 22 | 37 | -3 | 12 | 2 |
| 31 Dec 21 | 36 | -3 | 11 | 1 |
| 30 Sep 21 | 35 | -1 | 10 | 1 |
| 30 Jun 21 | 34 | -1 | 10 | 1 |
| 31 Mar 21 | 31 | -1 | 8 | 1 |
| 31 Dec 20 | 31 | -2 | 9 | 1 |
| 30 Sep 20 | 31 | -3 | 10 | 1 |
| 30 Jun 20 | 32 | -2 | 10 | 1 |
| 31 Mar 20 | 34 | -2 | 11 | 1 |
| 31 Dec 19 | 33 | -1 | 11 | 1 |
| 30 Sep 19 | 30 | 0 | 9 | 1 |
| 30 Jun 19 | 25 | 0 | 8 | 1 |
| 31 Mar 19 | 20 | -1 | 7 | 1 |
| 31 Dec 18 | 16 | -1 | 6 | 0 |
| 30 Sep 18 | 14 | 0 | 6 | 0 |
| 30 Jun 18 | 13 | 0 | 6 | 0 |
| 31 Mar 18 | 13 | 0 | 5 | 0 |
| 31 Dec 17 | 13 | 0 | 5 | 0 |
| 30 Sep 17 | 13 | 1 | 5 | 0 |
| 30 Jun 17 | 13 | 0 | 5 | 0 |
| 31 Mar 17 | 13 | 0 | 5 | 0 |
| 31 Dec 16 | 12 | 0 | 5 | 0 |
| 30 Sep 16 | 12 | 0 | 4 | 0 |
| 30 Jun 16 | 12 | 0 | 4 | 0 |
| 31 Mar 16 | 11 | 1 | 4 | 0 |
| 31 Dec 15 | 11 | 0 | 4 | 0 |
| 30 Sep 15 | 10 | 0 | 4 | 0 |
| 30 Jun 15 | 10 | 0 | 4 | 0 |
| 31 Mar 15 | 9 | 0 | 4 | 0 |
| 31 Dec 14 | 9 | 0 | 4 | 0 |
| 30 Sep 14 | 9 | 1 | 4 | 0 |
| 30 Jun 14 | 9 | 1 | 3 | 0 |
| 31 Mar 14 | 8 | 0 | 3 | 0 |
| 31 Dec 13 | 8 | 0 | 3 | 0 |
| 30 Sep 13 | 8 | 0 | 3 | 0 |
| 30 Jun 13 | 8 | 0 | 3 | 0 |
Quality Earnings: QIFT.F has a large one-off gain of CA$560.2K impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: QIFT.F became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: QIFT.F has become profitable over the past 5 years, growing earnings by -5.3% per year.
Accelerating Growth: QIFT.F has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: QIFT.F has become profitable in the last year, making it difficult to compare its past year earnings growth to the Software industry (22.8%).
Return on Equity
High ROE: QIFT.F's Return on Equity (0.9%) is considered low.