05:02 PM EST, 11/25/2024 (MT Newswires) -- Quisitive Technology Solutions ( QUISF ) after trade Monday said it swung to a third-quarter profit even as revenue stayed mostly unchanged..

The technology-consulting company said it earned $285,000 in the period, compared with a loss of $1.28 million in the year-prior quarter. Per share results were not disclosed.

Revenue edged up to $30.72 million from $30.68 million.

"Our Cloud business maintained stability as we experienced modest sequential growth and saw an expanding pipeline of AI-driven customer engagements," said cheif Mike Reinhart. "The hiring process of specialized staff from Microsoft's investment in our Blackbelt Team has been completed and will enhance our ability to further establish a strong pipeline of customer opportunities ... Looking ahead to the new year, we remain committed to further investing in our sales engine in alignment with Microsoft, with early 2025 positioned as a key momentum-building phase to drive growth in the latter part of the year."

The company's shares closed up $0.01 to $0.37 on the TSX Venture Exchange.