Converge Technology Solutions Corp (TSE:CTS) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
