ISC CEO Shawn Peters reveals strong 2Q results and growth plans amidst market challenge

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[{"type":"text","content":"ISC CEO Shawn Peters reveals strong 2Q results and growth plans amidst market challenge\n \n \n (NewsDirect)\n \n \n \n \n Information Services Corporation (ISC) CEO\nShawn Peters joined Proactive's Stephen Gunnion with details of\nthe company's second-quarter results.\n \n \n Despite challenges during the pandemic, Peters told Proactive\nthat ISC's diversified business structure exhibited resilience,\nwith transactional segments thriving.\n \n \n In the current higher interest rate climate, certain\ntransactional areas, like Saskatchewan Land Registry, faced impacts,\nwhile other sectors like KYC and technology remained robust.\n \n \n ISC extended its secured credit facility\nto include Bank of Montreal (BMO), emphasizing the company's\nstrength and growth prospects.\n \n \n The\nconversation also delved into ISC's extension of its contract with\nthe Saskatchewan government, which brought about increased debt but\nreinforced the company's confidence in its sturdy financial\nstanding.\n \n \n Peters indicated that the\nupdated 2023 guidance accounts for the extension's influence on\nits expected performance.\n \n \n Despite\nongoing reduced activity in the registry market due to persistent\ninterest rates, Peters said ISC has maintained a positive outlook,\nwith the rest of the business demonstrating strength.\n \n \n As the\nthird quarter progresses, the company remains committed to its\nguidance, assuring investors of its stability and strategic focus.\n \n \n \n Contact Details\n \n \n \n Proactive Canada\n \n \n +1\n604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2205,"tagName":"div"}]

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