CONVERGE TECH SLTN CORP - CTSDF STOCK NEWS

Welcome to our dedicated page for CONVERGE TECH SLTN news (Ticker: CTSDF), a resource for investors and traders seeking the latest updates and insights on CONVERGE TECH SLTN stock.

CONVERGE TECH SLTN CORP (CTSDF) is a services-led, software-enabled IT & Cloud Solutions provider, focusing on delivering cutting-edge solutions across various industries. The company offers advanced analytics, artificial intelligence, application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings. Recent achievements include being named Broadcom Software's 2023 North America Fastest Growth Cybersecurity Partner and VMware by Broadcom's 2023 Americas Technical Enablement Partner of the Year. CONVERGE aims to address unique business and technology requirements for clients in the public and private sectors.

05/09/2024 07:15 AM

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Converge Reports First Quarter 2024 Results

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Converge Technology Solutions Corp. reported its First Quarter 2024 Results, highlighting a third consecutive billion-dollar gross sales quarter. Key financial figures include gross sales of $1.01 billion, representing a 4.2% increase, a revenue decrease to $628.8 million, and a net loss of $3.5 million. The company's adjusted EBITDA increased to $42.2 million, and cash from operating activities rose to $110.9 million. Converge reduced its net debt significantly year-over-year. The Board declared a quarterly dividend of $0.015 per common share. Financial outlook for Q2 2024 includes expected gross profit of $175 million - $182 million and adjusted EBITDA of $43 million - $46 million. Conference call details for further information.

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04/18/2024 04:00 PM

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Converge to Host First Quarter Fiscal 2024 Conference Call

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Converge Technology Solutions Corp. announces a conference call to discuss its first quarter fiscal 2024 results on May 9th, 2024. The call will be hosted by the Converge leadership team, followed by a question-and-answer period.

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04/18/2024 09:00 AM

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Converge Technology Solutions Announces GenAI Focused Partnership with Forum Systems

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Converge Technology Solutions Corp. announces a strategic partnership with Forum Systems to leverage QuantumSim™, a Secure Multi-LLM Gateway, combining cutting-edge GenAI capabilities with IT expertise. The partnership aims to address complex business challenges through QS Contracts and QS Benefits modules, providing deep insights into organizational efficiency and deploying responsible GenAI at scale. The collaboration will positively impact Converge's clients across the healthcare ecosystem by standardizing benefits language and accelerating document discovery and analysis.

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04/04/2024 04:00 PM

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Converge Technology Solutions Achieves Cisco Gold Provider Status

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Converge Technology Solutions Corp. achieves Cisco Gold Provider partner status, highlighting expertise in Managed Services with designations in Cloud Calling, Cloud Managed Security, and Meraki SD-WAN. The company's global recognition by Cisco signifies advanced knowledge in key technology areas, benefiting customers with cutting-edge solutions and support.

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04/02/2024 09:00 AM

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Converge Technology Solutions Awarded Broadcom';s North America Fastest Growth Cybersecurity Partner of the Year and VMware by Broadcom's Americas Technical Enablement Partner of the Year

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Converge Technology Solutions Corp. has been named Broadcom Software's 2023 North America Fastest Growth Cybersecurity Partner of the Year and VMware by Broadcom's 2023 Americas Technical Enablement Partner of the Year. The awards recognize Converge's outstanding achievements, innovation, technical expertise, and customer outcomes. Converge's CEO, Greg Berard, expressed gratitude for the recognition and emphasized the strong partnership with Broadcom and VMware by Broadcom.

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03/21/2024 09:00 AM

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Converge Technology Solutions Recognized on the 2024 CRN Tech Elite 250 List

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Converge Technology Solutions Corp. has been honored on CRN's 2024 Tech Elite 250 list for the third consecutive year. The company's commitment to top-tier certifications and specializations from leading technology vendors showcases its dedication to providing cutting-edge solutions to customers.

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03/19/2024 11:30 AM

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Converge Technology Solutions Awarded 2024 NVIDIA Networking Partner of the Year and Canadian Partner of the Year

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Converge Technology Solutions Corp. (CTSDF) has been chosen as a strategic partner by a leading global provider of software solutions, enhancing its market presence and growth opportunities.

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03/06/2024 07:15 AM

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Converge Reports Record Q4 and FY 2023 Results

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Converge Technology Solutions Corp. reports a strong financial performance for Q4 2023 and FY 2023 with gross sales reaching $4.0 billion, marking consecutive billion-dollar quarters. The company shows growth in revenue, gross profit, adjusted EBITDA, and net income. Cash from operating activities increased significantly, and net debt decreased. The CEO highlights the company's strategic position for growth and shareholder benefit.

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03/05/2024 09:00 AM

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Converge Technology Solutions Announces Participation in the 27th Annual Scotia Bank TMT Conference

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Converge Technology Solutions Corp. announces its participation in the 27th Annual Scotiabank TMT Conference. Key executives will engage in a live session with institutional investors, covering Telecom, Media, and Technology sectors.

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02/22/2024 09:00 AM

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Converge Technology Solutions Recognized on CRN';s 2024 MSP 500 List

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Converge Technology Solutions Corp. has been named to CRN's MSP 500 list in the Elite 150 category for 2024, marking the third consecutive year. The list recognizes top Managed Service Providers in North America, highlighting their role in enhancing business efficiency and IT solutions. Converge's continuous investment in Managed Services reflects its commitment to growth and innovation.

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FAQ

What is the current stock price of CONVERGE TECH SLTN (CTSDF)?

The current stock price of CONVERGE TECH SLTN (CTSDF) is $2.45 as of January 10, 2025.

What is the market cap of CONVERGE TECH SLTN (CTSDF)?

The market cap of CONVERGE TECH SLTN (CTSDF) is approximately 497.2M.

What does CONVERGE TECH SLTN CORP focus on?

CONVERGE TECH SLTN CORP is a services-led, software-enabled IT & Cloud Solutions provider, offering advanced analytics, artificial intelligence, application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings.

What recent achievements has CONVERGE TECH SLTN CORP made?

CONVERGE TECH SLTN CORP was named Broadcom Software's 2023 North America Fastest Growth Cybersecurity Partner and VMware by Broadcom's 2023 Americas Technical Enablement Partner of the Year.

Who is the Chief Executive Officer of CONVERGE TECH SLTN CORP?

Greg Berard is the Chief Executive Officer of CONVERGE TECH SLTN CORP, leading the company's strategic initiatives and growth.

What industries does CONVERGE TECH SLTN CORP cater to?

CONVERGE TECH SLTN CORP offers its solutions across various industries, addressing the unique business and technology requirements of clients in the public and private sectors.