Converge Technology Solutions Corp (TSE:CTS) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Converge Technology Solutions Corp. reported preliminary financial results for Q3 2024, revealing a decline in revenue and gross profit compared to the same quarter last year due to adverse macroeconomic conditions. The company faced reduced demand in North America for data center and networking solutions, although cloud and software revenue increased year over year. Cash from operating activities showed strong performance with a significant cash conversion rate from Adjusted EBITDA.
For further insights into TSE:CTS stock, check out TipRanks’ Stock Analysis page.
