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TORONTO and GATINEAU, QC, Oct. 24, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced select preliminary unaudited financial results for the three months ended September 30, 2024 ("Q3-2024"). All figures are in Canadian dollars unless otherwise stated.
Q3-2024 Preliminary Results
Revenue is expected to be in the range of $630.0 million to $631.0 million, compared to (i) a previously guided range of $636 million to $658 million, and (ii) $710.1 million in revenue for the third quarter of 2023 ("Q3-2023").Gross profit is expected to be in the range of $158.0 to $158.5 million, compared to (i) a previously guided range of $172 million to $178 million, and (ii) $174.1 million in gross profit for Q3-2023.Adjusted EBITDA1 is expected to be in the range of $31.8 to $32.3 million, compared to, (i) a previously guided range of $43 million to $47 million, and (ii) $41.3 million in Adjusted EBITDA1 for Q3-2023.Cash from operating activities is expected to be in the range of $48.0 to $49.0 million, representing cash conversion1 of approximately 150% from Adjusted EBITDA1.
TORONTO and GATINEAU, QC, Oct. 24, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) today announced select preliminary unaudited financial results for the three months ended September 30, 2024 ("Q3-2024"). All figures are in Canadian dollars unless otherwise stated.
Q3-2024 Preliminary Results
Revenue is expected to be in the range of $630.0 million to $631.0 million, compared to (i) a previously guided range of $636 million to $658 million, and (ii) $710.1 million in revenue for the third quarter of 2023 ("Q3-2023").Gross profit is expected to be in the range of $158.0 to $158.5 million, compared to (i) a previously guided range of $172 million to $178 million, and (ii) $174.1 million in gross profit for Q3-2023.Adjusted EBITDA1 is expected to be in the range of $31.8 to $32.3 million, compared to, (i) a previously guided range of $43 million to $47 million, and (ii) $41.3 million in Adjusted EBITDA1 for Q3-2023.Cash from operating activities is expected to be in the range of $48.0 to $49.0 million, representing cash conversion1 of approximately 150% from Adjusted EBITDA1.TORONTO und GATINEAU, QC, 22. Oktober 2024 /PRNewswire/ -- Converge Technology Solutions Corp. („Converge" oder „das Unternehmen") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) freut sich bekannt zu geben, dass es am Dienstag, den 12. November 2024 um 8:00 Uhr EST eine Telefonkonferenz zu den Ergebnissen des dritten Quartals des Geschäftsjahres 2024 abhalten wird. Die Konferenz wird vom Führungsteam von Converge gehalten und endet mit einer Frage-und-Antwort-Runde. Converge wird seine Finanzergebnisse am Morgen vor der Konferenz bekannt geben.
TORONTO and GATINEAU, QC, Oct. 22, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a conference call to discuss its third quarter fiscal 2024 results on Tuesday, November 12th, 2024 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period. Converge will report its financial results in the morning prior to the call.
Conference Call Details:Date: Tuesday, November 12th, 2024Time: 8:00 AM Eastern Standard Time
TORONTO and GATINEAU, QC, Oct. 22, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a conference call to discuss its third quarter fiscal 2024 results on Tuesday, November 12th, 2024 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period. Converge will report its financial results in the morning prior to the call.
TORONTO and GATINEAU, QC, Oct. 22, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to announce that it will hold a conference call to discuss its third quarter fiscal 2024 results on Tuesday, November 12th, 2024 at 8:00am EST. The call will be hosted by the Converge leadership team, followed by a question-and-answer period. Converge will report its financial results in the morning prior to the call.
TORONTO and GATINEAU, QC, Sept. 24, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it has joined Red Hat Partner Practice Accelerator, a specialized growth pathway for select partners with validated professional services delivery capabilities. With this participation, Converge has demonstrated a commitment to delivering successful customer outcomes using Red Hat technologies and services within the commercial sector.
TORONTO and GATINEAU, QC, Sept. 24, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it has joined Red Hat Partner Practice Accelerator, a specialized growth pathway for select partners with validated professional services delivery capabilities. With this participation, Converge has demonstrated a commitment to delivering successful customer outcomes using Red Hat technologies and services within the commercial sector.
TORONTO and GATINEAU, QC , Sept. 17, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce the successful completion of PCI-DSS certification for the Company's IBM Power for Google Cloud (IP4G) platform. IP4G, an Infrastructure as a Service (IaaS) solution developed by Converge and available on Google Marketplace, empowers clients to run native AIX, IBM i, and Linux workloads seamlessly in the Google Cloud environment.
TORONTO and GATINEAU, QC , Sept. 17, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce the successful completion of PCI-DSS certification for the Company's IBM Power for Google Cloud (IP4G) platform. IP4G, an Infrastructure as a Service (IaaS) solution developed by Converge and available on Google Marketplace, empowers clients to run native AIX, IBM i, and Linux workloads seamlessly in the Google Cloud environment.
Organisches Wachstum des Bruttoumsatzes1 von 11,1 % und organisches Wachstum des Bruttogewinns1 von 2,1 %;
Kapitalrückfluss in Höhe von 47,4 Millionen Dollar durch Dividenden und Aktienrückkäufe;
Ankündigung des Wechsels des CEO der Gruppe
TORONTO und GATINEAU, QC, 9. Aug. 2024 /PRNewswire/ -- Converge Technology Solutions Corp. („Converge" oder „das Unternehmen") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) freut sich, Ihnen die Finanzergebnisse für den Drei- und Sechsmonatszeitraum zum 30. Juni 2024 zu präsentieren. Alle Angaben sind, sofern nicht anders angegeben, in kanadischen Dollar.
TORONTO, Aug. 9, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announces that the Toronto Stock Exchange (the "TSX") has approved the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, Converge may purchase for cancellation up to an aggregate of 18,408,927 common shares (the "Common Shares") representing approximately 10% of Converge's public float of Common Shares as at July 31, 2024. The NCIB will commence on August 13, 2024 and terminate on August 12, 2025, or earlier if the maximum number of Common Shares under the NCIB have been purchased or the NCIB is terminated at the option of the Company.
TORONTO, Aug. 9, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announces that the Toronto Stock Exchange (the "TSX") has approved the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, Converge may purchase for cancellation up to an aggregate of 18,408,927 common shares (the "Common Shares") representing approximately 10% of Converge's public float of Common Shares as at July 31, 2024. The NCIB will commence on August 13, 2024 and terminate on August 12, 2025, or earlier if the maximum number of Common Shares under the NCIB have been purchased or the NCIB is terminated at the option of the Company.
TORONTO, Aug. 9, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or the "Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) announces that the Toronto Stock Exchange (the "TSX") has approved the Company's Notice of Intention to Make a Normal Course Issuer Bid (the "NCIB"). Pursuant to the NCIB, Converge may purchase for cancellation up to an aggregate of 18,408,927 common shares (the "Common Shares") representing approximately 10% of Converge's public float of Common Shares as at July 31, 2024. The NCIB will commence on August 13, 2024 and terminate on August 12, 2025, or earlier if the maximum number of Common Shares under the NCIB have been purchased or the NCIB is terminated at the option of the Company.
Gross sales organic growth1 of 11.1% and gross profit organic growth1 of 2.1%;
Returned $47.4 million in capital through dividends and share repurchases;
Announces Group CEO Transition
TORONTO and GATINEAU, QC, Aug. 8, 2024 /PRNewswire/ -- Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three and six months period ended June 30, 2024. All figures are in Canadian dollars unless otherwise stated.
Gross sales organic growth1 of 11.1% and gross profit organic growth1 of 2.1%;
Returned $47.4 million in capital through dividends and share repurchases;
Announces Group CEO Transition
TORONTO and GATINEAU, QC, Aug. 8, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three and six months period ended June 30, 2024. All figures are in Canadian dollars unless otherwise stated.
Gross sales organic growth1 of 11.1% and gross profit organic growth1 of 2.1%;
Returned $47.4 million in capital through dividends and share repurchases;
Announces Group CEO Transition
TORONTO and GATINEAU, QC, Aug. 8, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) is pleased to provide its financial results for the three and six months period ended June 30, 2024. All figures are in Canadian dollars unless otherwise stated.
TORONTO and GATINEAU, QC, June 27, 2024 /PRNewswire/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it had been awarded North America Storage Partner of the Year by Hewlett Packard Enterprise (HPE) during this year's HPE Discover conference.
Hewlett Packard Enterprise (HPE) announced the winners of its HPE Partner of the Year Awards 2024 in recognition of HPE partners who exemplify commitment and success in delivering value to their customers on their digital transformation journey. This recognition has been given to HPE partners who have achieved exceptional results in financial performance, innovative solutions, and meaningful business results. These awards also showcase HPE partners that embody partnership-first value and a commitment to delivering better outcomes to shared customers, allowing them to unleash their growth potential.
TORONTO and GATINEAU, QC, June 27, 2024 /CNW/ - Converge Technology Solutions Corp. ("Converge" or "the Company") (TSX: CTS) is pleased to announce it had been awarded North America Storage Partner of the Year by Hewlett Packard Enterprise (HPE) during this year's HPE Discover conference.
Hewlett Packard Enterprise (HPE) announced the winners of its HPE Partner of the Year Awards 2024 in recognition of HPE partners who exemplify commitment and success in delivering value to their customers on their digital transformation journey. This recognition has been given to HPE partners who have achieved exceptional results in financial performance, innovative solutions, and meaningful business results. These awards also showcase HPE partners that embody partnership-first value and a commitment to delivering better outcomes to shared customers, allowing them to unleash their growth potential.
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