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Softchoice Corporation (TSE:SFTC)
TSX:SFTC
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.38Last Year’s EPS
0.45Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2021
|% Change Since: 16.30%
|Next Earnings Date:Aug 13, 2021
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with significant achievements in organic growth, customer base expansion, and strategic initiatives like the SAM+ Hub and a strong Microsoft partnership. However, this is tempered by challenges such as muted EBITDA growth, hardware revenue stability concerns, and increased cash taxes impacting cash flow.Company Guidance
In the Q3 2024 earnings call for Softchoice (SFTC.TO), the executives highlighted several key metrics reflecting the company's robust performance and strategic direction. The company reported a 10% increase in constant currency gross profit, primarily driven by strong double-digit growth in Software & Cloud alongside supporting services. Adjusted EBITDA grew by 2% this quarter, despite the higher variable compensation and growth investments. The adjusted EBITDA margin remained stable year-to-date compared to 2023, aligning with the company's commitment to invest in strategic areas such as workplace software, cloud, security, and AI. Additionally, the customer base expanded by over 4% in Q3 and 5% over the last 12 months, with the frontline sales force increasing by 18% over the past year. Softchoice's revenue retention rate reached 105%, demonstrating high customer retention and increased spending across all sales channels. The SAM+ Hub, a new software management tool, has already been adopted by over 1,000 customers, showcasing the company's advancement in software asset management capabilities. Overall, Softchoice expressed confidence in achieving their growth targets for 2024, with strategic investments poised to drive market share expansion and enhanced service offerings in future years.Double-Digit Organic Growth
Softchoice achieved industry-leading double-digit organic growth, underpinned by a 10% increase in constant currency in top line gross profit, driven by double-digit growth in Software & Cloud and supporting services.
Expansion of Customer Base
The customer base expanded by more than 4% in Q3 and by 5% over the last 12 months, driven by a renewed focus on expanding the frontline sales force by 43% over the past 3 years.
SAM+ Hub Launch Success
The SAM+ Hub, a self-serve centralized software management tool, was launched with over 1,000 active customers using it, enhancing customer retention and opening new revenue opportunities.
Strong Microsoft Partnership
Softchoice was named the Microsoft Scale Partner of the Year in the U.S. with significant growth in Microsoft CSP revenue, expected to increase by approximately 25% in 2024.
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TSE:SFTC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:SFTC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$20.86 | C$21.32 | +2.21% |
| Aug 09, 2024 | C$17.76 | C$18.36 | +3.38% |
| May 08, 2024 | C$17.84 | C$17.44 | -2.24% |
| Mar 05, 2024 | C$14.06 | C$16.78 | +19.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Softchoice Corporation (TSE:SFTC) report earnings?
Softchoice Corporation (TSE:SFTC) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Softchoice Corporation (TSE:SFTC) earnings time?
Softchoice Corporation (TSE:SFTC) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:SFTC EPS forecast?
TSE:SFTC EPS forecast for the fiscal quarter 2024 (Q4) is 0.38.
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