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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 Ackilleson Nov 10, 2021 8:03pm
149 Views
Post# 34112871

RE:RE:RE:Q3 Financial Results

RE:RE:RE:Q3 Financial ResultsMost people know where the Net Income line is on the statements. Accountants often use adjusted numbers to measure operating effectiveness or profitability with peers. Numbers such as Depreciation are not very useful in comparisons because companies may use different depreciation methods, such as straight-line vs declining balance. Although, if comparing companies, you should check that the same items are being adjusted for both companies. Also, would you consider one company less profitable because it had a significant one-time cost? There is absolutely no problem with how they are reporting their numbers. Take a few minutes and check out the statements on SEDAR.
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