Converge Technology Solutions (TSE:CTS) has released an update.
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Converge Technology Solutions reports a robust first quarter in 2024, marking its third consecutive quarter with gross sales surpassing $1 billion, despite a slight revenue decrease. The company achieved a 2.1% growth in gross profit and a significant increase in cash from operating activities, alongside a notable reduction in net debt. Converge remains confident in its service offerings and anticipates a positive shift in the market with upcoming technology refresh cycles.
For further insights into TSE:CTS stock, check out TipRanks’ Stock Analysis page.
