Welcome to our dedicated page for Converge Technol news (Ticker: CTSDF), a resource for investors and traders seeking the latest updates and insights on Converge Technol stock.
Converge Technology Solutions Corp. (CTSDF) is a leading provider of IT and cloud solutions specializing in advanced analytics, artificial intelligence, and cybersecurity services. This news hub offers investors and stakeholders timely updates on corporate developments, strategic initiatives, and market positioning.
Access official press releases covering earnings announcements, technology partnerships, product innovations, and acquisition activity. Our curated collection provides essential insights into CTSDF's progress in digital transformation solutions, including updates on its QuantumSim™ AI platform and Contact Center IQ implementations.
Key focus areas include cloud infrastructure advancements, cybersecurity updates, and managed service expansions. Stay informed about CTSDF's collaborations with industry leaders and its role in shaping enterprise IT solutions across multiple sectors.
Bookmark this page for direct access to primary source materials and analysis-free reporting. Check regularly for updates on CTSDF's advisory services, infrastructure projects, and technology deployments that drive modern business operations.
Converge Technology Solutions (CTSDF) has been ranked #28 on CRN's 2024 Solution Provider 500 list, marking its fourth consecutive year on the list.
This is a significant rise from its initial ranking in 2020. The list recognizes North America's largest solution providers by revenue and highlights the most influential companies in the IT industry.
CRN's annual list represents a combined revenue of over $501.2 billion. Converge's CEO, Greg Berard, attributed this achievement to the dedication and hard work of the company's services and solutions teams.
The recognition underscores Converge's ability to adapt to rapid changes in the IT channel, including the expansion of 'Everything as a Service' and GenAI disruption.
The full list will be available online and in CRN Magazine's June issue.
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.
