iCoreConnect Sells MSP Division, Stock Soars
Focus on Core Competencies: iCoreConnect will be able to allocate resources more effectively to its primary business lines.
The asset divestiture will generate capital and improve profit margins.
The company will streamline its operations.
Focusing on its core SaaS business will create a more streamlined, easier-to-analyze company for investors.
Following the announcement, iCoreConnect shares surged in after-hours trading, with over 6.48 million shares traded. The stock price jumped 85.74%, reaching 65 cents at the time of publication.
This news may be of interest to investors who are considering buying or selling iCoreConnect shares.
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This information is for educational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.