Converge Technology Solutions Corp T.CTS

Alternate Symbol(s): CTSDF

Technology Information Technology Services

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

Converge Technology Solutions Corp > Stock Drop on Earnings and Buyback

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Comment by templetooth2on Aug 10, 2023 4:03pm

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Post# 35582517

RE:Stock Drop on Earnings and Buyback

These guys did $666 million (a devil of a number) worth of business in the most recent quarter and managed to lose $3.5 million.

The Q2 sales were slightly down from Q1 and the loss was a fair bit higher than in Q1, $1.9 million.

So in the first half of the year, they had about $1.25 BILLION in revenues and lost ballpark $5.5 million.
Is this a lousy business? What?

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