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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 retiredcfon Feb 22, 2022 6:11am
211 Views
Post# 34449226

Tuesday's Small Caps to Watch

Tuesday's Small Caps to Watch

Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Converge Technology Solutions Corp.  said it expects to report revenues of $497.5-million to $504.5-million for its fourth quarter compared to $289.6-million for the same quarter of 2020. The expectation is for revenues of $493.5-million in the latest quarter, according to S&P Capital IQ.

Adjusted EBITDA is expected to range between $32.1-million to $34.8-million, up from $23.4-million a year earlier, the company stated.

It said it will provide official fourth-quarter and year-end results on March 22.

 
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