Information Services Corp (TSE: ISV) CEO Jeff Stusek joined Steve Darling from Proactive to share news the company has released their 1st quarter financials. The numbers are very good. Revenue was $39.1 million, an increase of $9.6 million or 32.3 per cent, Net income was $5.5 million, and Free cash flow of $8.9 million compared to $6.4 million in Q1 2020.
Stusek telling Proactive the year-over-year performance of their three segments is due to a combination of strength in specific economic drivers in Registry Operations, focus on new customer acquisition and growth in Services, and successful delivery and implementation of technology in Technology Solutions. The company also has declared a quarterly cash dividend of 20 cents per share.