03:43 PM EST - Quorum Information Technologies Inc. : reported a profit for the second quarter that surged from last year, helped mainly by a 24% increase in revenues as well as higher gross margins. Net income for the second quarter increased sharply to $330,000 or $0.008 per share from $3,000 or $0.0001 per share in the same quarter last year. Revenues for the recent quarter rose substantially to $2.03 million from $1.64 million in the prior-year quarter. Quorum Information Technologies Inc.
shares V.QIS are trading even at $0.14.
