great Q2 results - Innovate Trust Platform Builder coming Q2 2020 Earnings Call
1. 22% of revenue from finance sector, 20% from government, 12% from health care, 6% from manufacturing - no exposure to oil &gas, travel, retail, and hospitality.
2. Incease in sales of private cloud.
3. 4 Back office integration during COVID, $11M of cost savings in Q2 2020. $10M will be realized in 2nd half of the year; annualized cost savings of $20M
4. Interest is strong from institutional investors
5. Most important point - Innovative Trust Builder platform(trusted ECO System) will drive innovative solutions and digital identity can drive significant growth and value for CTS - Working with Government, now deploying with municiplaity- different models associated - we will have some announcements about customers and in AGM we will announce plan on Trust Builder in AGM
6. Acquisition activity has been resumed since July
7. As our gross profit increases, its an indication of providing more services
8. Fastest IT serivce provider in North America award received
9. Continue to see strong demand - advanced analytics group has done super job in providing automatic analytics report to manufacturing customers
10. On track to be the best year