QuoteMedia Reports 8% Revenue Increase in Q3 2023

PHOENIX, Nov. 13, 2023 (GLOBE NEWSWIRE) — QuoteMedia, Inc. QMCI, a provider specializing in market data and financial software solutions, has reported an 8% rise in revenue for Q3 2023, noting an adjusted growth of 10% when considering foreign exchange effects. This performance underscores the company's continued momentum in the financial technology sector amidst volatile market conditions.

Financial Highlights of Q3 2023

For the period ending September 30, 2023, QuoteMedia has detailed its financial outcomes, which reflect the dedication to innovation and client service that the company champions. The reported increase in revenue marks a significant stride in the company's journey of growth and profitability, emphasizing the robustness of QuoteMedia's business model in a competitive environment.

Company Outlook and Future Prospects

Despite the complex economic landscape, QuoteMedia's recent financial results indicate a potential trajectory of continued expansion. The firm's strategic focus on extending its product offerings along with market penetration efforts are paying dividends. The increased revenue figures herald a positive outlook for QuoteMedia as it persists in delivering comprehensive market data to a growing global clientele.

QuoteMedia, Revenue, Growth