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Stocks in play: Softchoice Corporation
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.
