Company: HCTI
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001213900-25-109581
Chunk: 50

Company: Healthcare Triangle, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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 Software services 
    $1,977  
     775  
     1,202  
     155%
  
    Managed services and Support 
     1,379  
     1,571  
     (192) 
     (12)%
  
    Corporate and others 
     133  
     67  
     66  
     99%
  
    Revenue 
    $3,489  
    $2,413  
    $1,076  
     45%

Revenue from Software services increased by $1.20
million, or 155% to $1.97 million for the quarter ended September 30, 2025, as compared to $0.77 million for the quarter ended September
30, 2024. Revenue from Managed services and support decreased by $0.19 million, or 12% to $1.37 million for the quarter ended September
30, 2025, as compared to $1.57 million for the quarter ended September 30, 2024. Revenue from Corporate and others increased by $0.06
million, or 99% to $0.13 million for the quarter ended September 30, 2025, as compared to $0.07 million for the quarter ended September
30, 2024.

Factors affecting revenues of Software Services,
and Managed Services and Support 

Our strategy is to achieve meaningful long-term
revenue growth through sales of Managed Services and Support to existing and new clients within our target market. In order to increase
our cross-selling opportunity between our operating segments and realize long time revenue growth, our focus has shifted more towards
Managed Services and Support which is of recurring nature when compared to Software Services segment which is of non-recurring nature.
This also helps in retaining existing customers by leveraging our Managed Services and Support and Platform Services as a growth agent.
This renewed focus on driving demand for subscription and platform-based model will help us in expanding our customer base and enhance
customer retention which is a challenge for our existing Software Services segment. Software Services contracts are driven by Time and
Material and on-site employees delivering services at customers location.

40

Cost of Revenue

    Three Months 
Ended September 30,  
    Changes 

    2025  
    2024  
    Amount  
    % 

    Software services 
    $1,667  
    $531  
    $1,136