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]

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]

Analyst Coverage

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