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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

Comment by Rahil1234on Aug 10, 2020 11:58pm
152 Views
Post# 31390966

RE:RE:Q2 results

RE:RE:Q2 results

read the outlook:

 

As a result of government actions such as social distancing and requiring some non-essential business to temporarily close or curtail their operations in response to the COVID-19 pandemic, Converge has experienced increased demand for solutions that allow employees to work remotely. Converge anticipates that companies may increase the use of cloud and hybrid cloud computing and remote access will likely gain additional traction in the foreseeable future. The Company also expects that in the longer term companies may continue to increase investment spending on cybersecurity, artificial intelligence and digital transformation. Converge‘s national footprint and partnerships with several of the leading hardware and software companies, positions the Company well to support these trends. In the near term, COVID-19 has resulted in opportunities, such as increased demand to support remote workers and challenges, and supply of some hardware and fulfillment of some orders. Converge continues to work closely with suppliers and customers to meet their requirements during this period of uncertainty; however, there can be no assurance that the Company will continue to see increased demand, or be able to fully supply that demand.

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