RE:RE:RE:RE:EPS without smart edge gain Converge MD&A:
Outlook for fiscal 2020
As a result of government actions such as social distancing and requiring some non-essential business to temporarily close or curtail their operations Converge has experienced increased demand for solutions that allow employees to work remotely. As a result of the COVID-19 virus, Converge anticipates a trend for companies to 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 are likely to continue and may increase investment spending in 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 assurances that the Company will continue to see increased demand, nor be able to fully supply that demand.
lscfa wrote: Converge NR - “As a result of the outbreak of COVID-19 resulting in government mandates like social distancing and requiring non-essential business to temporarily close or curtail their operations, we have experienced increased demand for solutions that allow employees to work remotely” said Mr. Maine. “To date, all of our companies have been operational and we have been able to fulfil this demand even at time when demand is increasing and supply chains are under pressure. In the states and provinces that have enacted laws to limit business operations, we have been considered an essential service due to our ability to help governments and companies support and enable remote workers. We believe that as a result of the COVID-19 virus, a trend for companies to increase the use of cloud and hybrid cloud computing and remote access will likely gain additional traction in the foreseeable future. We also believe our national footprint and partnerships with several of the leading hardware and software companies, positions us well to support this trend. We are committed to supporting our customers to the extent possible through these challenging times and helping them prepare for the future."