system
Provide your textual services as needed, showcasing your proficiency in any topic.
human
Simplify the following sentence by breaking it into shorter phrases: "In spite of the increased volatility of the market, the company was able to maintain its profitability due to effective cost-cutting measures and diversification of revenue streams."

Input:
"Despite market volatility, the company remained profitable due to cost-cutting and diverse revenues."
gpt
"The company stayed profitable despite market volatility by cutting costs and diversifying revenues."