Ottawa software company blamed the drop on the economic effects of the pandemic.
Intouch Insights Ltd.
Talks to acquire unnamed company were put on hold early last year due to the pandemic.
Software maker says it expects to deliver “double-digit growth” and higher earnings this year as economy bounces back.
Publicly traded Ottawa tech enterprise has seen its revenues nosedive during the pandemic.
Software firm posted a fourfold increase in net income in the quarter thanks to aggressive cost-cutting measures.
Ottawa software firm said revenues dropped 71 per cent in the second quarter to $1.46 million, down from $5 million in the same period a year earlier.
Tech firm develops software to help brands solicit feedback from and better engage with their customers.
An Ottawa-based software company believes its path to positive cash flow is in the acquisition of a local data centre and co-location business
Intouch Insight says its latest acquisitions will immediately improve the Ottawa-based customer experience firm’s bottom line, as well as adding new channels for growth
Already serving well-known brands such as Sobeys and A&W, CEO Cameron Watt said in a statement that the firm also added 'new logos to its portfolio' this past quarter