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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Post by jimitwiston May 19, 2022 11:58am
118 Views
Post# 34695567

CTS is approaching a $ 3 billion annual run rate

CTS is approaching a $ 3 billion annual run rateCTS will possibly hit the $3 billion annual run once this acquisition and the 5? acquisitions made in the previous quarter have enough time for quarterly results to factor in. End of September results should do it, although by that time there will probably be another 4 or 5 more acquisitions to factor in, considering the rate that CTS buys companies and the cash that is still on the books. They should still have $160 million on the books to work with.
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