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Softchoice Announces Second Quarter 2021 Results Gross profit increased 15 % to $ 73 million Operating cash flow and IPO proceeds drive significant debt reduction TORONTO -- ( BUSINESS WIRE ) -- August 13 , 2021 -- Softchoice Corporation ( " Softchoice " or the " Company " ) ( TSX : SFTC ) today announced strong financial results and cash generation for the quarter ended June 30 , 2021 ( “ Q2 2021 ” ) . The Company also reiterated its 2022 Outlook provided during its IPO . Unless otherwise noted , all dollar ( $ ) amounts are in U.S. dollars . “ We're extremely pleased with our continued double - digit growth in the second quarter and the ongoing execution of our organic growth strategy to solidify our position as a leading software and cloud - focused IT solution provider in North America . Gross profit , our top line measurement , increased more than 15 % in Q2 2021 with growth across all of our IT solution types and sales channels , and led by strong double - digit growth in our Software & Cloud and Services offerings , which comprised almost 75 % of our gross profit , ” said Vince De Palma , Softchoice's CEO . " Our Adjusted EBITDA grew 17 % , as natural operating leverage offset significant investments we are making this year in our technical and sales enablement resources , and cloud strategies . " اود " Our business continues to experience an acceleration across various cloud productivity and collaboration solutions in line with global business trends , including accelerating growth and adoption of the cloud , increasing demand for remote work capabilities accelerated by the COVID - 19 pandemic , and increasing demand for seamlessly integrated software applications and security solutions . In the second half of 2021 , we continue to expect strong growth in gross profit driven by improving productivity of our salesforce , the continued ramp up of realization of benefits from Project Monarch , and increasing wallet share with our customers as we broaden the IT solutions we are providing them . With our IPO complete , we plan to increase the size of our salesforce and continue to make investments in our solutions and technical support capabilities . These investments along with the full realization of benefits from Project Monarch are anticipated to drive continued double digit gross profit growth and Adjusted EBITDA margin expansion in 2022. " 1 " We're tremendously excited to have completed our IPO on June 1. We are going public at a great time , when the heavy lifting transforming our company has been completed , we are in a strong financial position , we believe secular trends are in our favour , and our growth and margins are expected to accelerate in the future . ”