Converge Technology Solutions Corp (TSE:CTS) has released an update.
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Converge Technology Solutions Corp. reported strong second quarter 2024 results with a notable 11.1% organic growth in gross sales and a 2.1% increase in gross profit. The company demonstrated shareholder value by returning $47.4 million through dividends and share repurchases, while also announcing a CEO transition. Despite an overall revenue decrease, Converge reduced net debt significantly and increased cash from operations.
For further insights into TSE:CTS stock, check out TipRanks’ Stock Analysis page.
