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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.
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Converge Technology Solutions Corp. will hold a conference call to discuss its Q4 and fiscal year 2023 results on March 6th, 2024. The call will be hosted by the Converge leadership team, and the financial results will be reported in the morning prior to the call. Participants can join via webcast or dial-in, and a recording playback will be available. The live audio webcast and presentation slides will be accessible on the company's website.
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Converge Technology Solutions Corp. (TSX: CTS) is hosting the 'Coffee and Converge' event on January 30th, 2024, in Toronto. The event will focus on the Application Modernization practice, featuring the Company's services and solutions. Converge is a leading provider of Application Modernization services across North America, with a strong ecosystem of strategic partners.
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Converge Technology Solutions Corp. (CTS) is pleased to announce that Stone Group and REDNET have achieved IBM Platinum Status, allowing the Company to better deliver IBM services and solutions across North America, Germany, and the UK. This significant milestone is a testament to the commitment of Stone Group and REDNET to delivering transformative services and solutions to clients.
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Converge Technology Solutions Corp. (CTS) appoints Wendy Bahr, a former Cisco and Rubrik executive, to its Board of Directors. Wendy brings extensive global sales experience and will contribute to Converge's growth and services-led practices.
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Converge Technology Solutions Corp. (CTS) renews Cisco Master Collaboration Specialization in the US and wins Cisco's Americas Central Area Customer Experience Partner of the Year for 2023. The company's demonstrated expertise and commitment to customers have been recognized with these prestigious awards, highlighting its significant investments in providing sophisticated, value-added Cisco solutions and integrated networking solutions.
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Converge Technology Solutions Corp. (CTS) is pleased to announce that Stone Group, A Converge Company, has achieved Titanium partner status with Dell Technologies. This top-tier status within the Dell Partner Program was earned through meeting high revenue thresholds and training requirements, showcasing an elevated level of competency in Dell's products. As a Titanium Partner, Stone Group is certified in various solution competencies, enhancing their ability to serve Dell customers across the globe.
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Converge Technology Solutions Corp. (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF) achieved a record gross sales of $1.037 billion in Q3 2023, marking a 42% increase from the prior year. The company also experienced a 38% increase in revenue, reaching $710.1 million. Adjusted EBITDA increased by 33% to $41.3 million, while net income decreased to ($3.3) million from $18.2 million in Q3 2022. Converge's product bookings backlog at the end of Q3 2023 was $479 million, indicating strong demand for its services and solutions.
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Converge Technology Solutions Corp. has been named a 2023 Triple Crown Award winner by CRN for the second year in a row. The award recognizes top solution providers in North America based on revenue, growth, and technical expertise within the IT channel.
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Converge Technology Solutions Corp. will hold a conference call to discuss its third quarter fiscal 2023 results on November 14th, 2023 at 8:00am EST.
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Converge Technology Solutions Corp. expects stronger financial performance in Q3-2023 due to robust demand and improved operational efficiencies.
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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.
Where can I find more information about CONVERGE TECH SLTN CORP's AI solutions?
To learn more about CONVERGE TECH SLTN CORP's AI solutions, visit convergetp.com/artificial-intelligence/ for detailed information.
CONVERGE TECH SLTN CORP
OTC:CTSDF
CTSDF Rankings
CTSDF Stock Data
497.21M
204.37M
5.49%
32.09%
Information Technology Services
Technology
United States of America
Toronto