Investor Relations
Company Overview
Converge Technology Solutions is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge’s global 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.
Stock Information
Upcoming Events
Annual General Meeting
Tuesday, June 20th, 2023 | 11:00am EST
Recent Events
Conference Call: First Quarter 2023 Financial Results
Wednesday, May 10th, 2023 | 8:00am EST
Click Here for the Recording
Accompanying Presentation
Contact Information
[email protected]
FY22 At a Glance
$3.1B
Gross Revenue
50.4% 3-Year CAGR
+58%
Managed Services Revenue
$133.4M APR from Managed Services
$550.8M
Gross Profit
50.5% 3-Year CAGR
$119.3M
Adjusted FCF
84% Adjusted FCF Conversion
$142.9M
Adjusted EBITDA*
65.3% 3-Year CAGR
+61%
YOY Adjusted EPS
$0.50 FY22 EPS
*Non-IFRS measure
Analyst Coverage
Stephanie Price, CFA
CIBC Capital Markets
Price Target – $3.00
[email protected]
Robert Young, MBA
Canaccord Genuity Corp.
Price Target – $5.00
[email protected]
Rob Goff
Echelon Wealth Partners
Price Target – $7.00
[email protected]
Gavin Fairweather
Cormark Securities Inc.
Price Target – $6.00
[email protected]
Divya S. Goyal, MBA
Scotia Capital Inc. – Canada
Price Target – $7.00
[email protected]
Christian Sgro
VIII Capital
Price Target – $7.00
[email protected]
Nick Agostino
Laurentian Bank Securities
Price Target – $5.50
[email protected]
Deepak Kaushal, CFA
BMO Capital Markets
Price Target – $4.50
[email protected]
Jerome Dubreuil, CFA
Desjardins
Price Target – $4.50
[email protected]
David Kwan, CFA
TD Securities
Price Target – $5.50
[email protected]
Steven Li
Raymond James
Price Target – $5.50
[email protected]
Daniel Rosenberg
Paradigm Capital
Price Target – $7.75
[email protected]
John Shao
National Bank of Canada
Price Target – $7.00
[email protected]
Quarterly Financials
Newsroom
Converge Announces Conclusion of Strategic Review Process
FOR IMMEDIATE RELEASE May 9, 2023 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA - Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) announced today...
Converge Technology Solutions Corp. Ranks 8th on Canada’s 2023 CDN Top 100 Solution Providers
FOR IMMEDIATE RELEASE May 8, 2023 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA - Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a services-led,...
Converge Technology Solutions Corp. Announces Stone Group, A Converge Company, Named Global Silver Winner in Corporate Social Responsibility at Green World Awards 2023
FOR IMMEDIATE RELEASE April 27, 2023 – TORONTO, ONTARIO, CANADA and GATINEAU, QUÉBEC, CANADA - Converge Technology Solutions Corp. (“Converge” or “the Company”) (TSX:CTS) (FSE:0ZB) (OTCQX:CTSDF) a...
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