Investor Relations
Company Overview
Converge Technology Solutions Corp. is a software-enabled IT & Cloud Solutions provider focused on delivering industry-leading solutions and services. Converge’s global solution approach delivers advanced analytics, application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.
Converge supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors.
Our goal is to provide a trusted partner that brings together world-class solutions and services to help reduce costs, increase efficiency, and create competitive advantages.
1H22 Financial Results At a Glance
$1.15B
Net Revenue
75% Growth YoY
$1.4B
Pro Forma Gross Revenue*
7.5% Gross Revenue Organic Growth*
$242.2M
Gross Profit
66% Growth YoY
$57.9M
Adjusted FCF
84% Adjusted FCF Conversion
$68.8M
Adjusted EBITDA*
70% Growth YoY
+50%
YOY Adjusted EPS
$0.24 1 H22 EPS
*Non-IFRS measure
FY21 At a Glance
$1.5B
Net Revenue
49% 3-Year CAGR
$2.3B
Pro Forma Gross Revenue*
9.6% Gross Revenue Organic Growth*
$345.7M
Gross Profit
57% 3-Year CAGR
$78M
Adjusted FCF
83% Adjusted FCF Conversion
$94M
Adjusted EBITDA*
79% 3-Year CAGR
+29%
YOY Adjusted EPS
$0.35 FY21 EPS
*Non-IFRS measure
Stephanie Price, CFA
CIBC Capital Markets
Price Target – $8.00
[email protected]
Robert Young, MBA
Canaccord Genuity Corp.
Price Target – $12.00
[email protected]
Rob Goff
Echelon Wealth Partners
Price Target – $12.00
[email protected]
Gavin Fairweather
Cormark Securities Inc.
Price Target – $10.00
[email protected]
Divya S. Goyal, MBA
Scotia Capital Inc. – Canada
Price Target – $12.00
[email protected]
Benjamin May
Berenberg
Price Target – $14.00
[email protected]
Christian Sgro
VIII Capital
Price Target – $11.00
[email protected]
Nick Agostino
Laurentian Bank Securities
Price Target – $9.50
[email protected]
Deepak Kaushal, CFA
BMO Capital Markets
Price Target – $9.00
[email protected]
David Kwan, CFA
TD Securities
Price Target – $8.50
[email protected]
Steven Li
Raymond James
Price Target – $9.50
[email protected]
Daniel Rosenberg
Paradigm Capital
Price Target – $10.25
[email protected]
John Shao
National Bank of Canada
Price Target – $12.00
[email protected]
Stock Information
Upcoming and Recent Events
Conference Call: Second Quarter 2022 Financial Results
Wednesday, August 10th, 2022 | 8:00am EST
Click Here for the Recording | Accompanying Materials
Annual Meeting of Shareholders
Thursday, June 23rd | 11:00am EST
Click Here for the Recording | Accompanying Materials
Contact Information
[email protected]
Quarterly Financials
Analyst Coverage
Newsroom
Converge Technology Solutions Announces IBM zSystems and LinuxONE Certification in Canada
FOR IMMEDIATE RELEASE September 28, 2022 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA - Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a...
Converge Technology Solutions Corp. To Acquire Stone Group
Converge enters the UK market with the company’s 35th acquisition. FOR IMMEDIATE RELEASE SEPTEMBER 22, 2022 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA - Converge Technology Solutions Corp....
Converge Technology Solutions Corp. Acquires Newcomp Analytics
Converge broadens its reach in North America with the company’s 34th acquisition. FOR IMMEDIATE RELEASE September 12, 2022 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA - Converge Technology...
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