Yahoo Finance will soon be upgrading our Conversations message board platform to provide a better experience for our users. Only comments published since April 21, 2021 will be visible on Yahoo Finance after the upgrade. If you wish to download and save any of your older comments, please submit a request via the Privacy Dashboard by no later than Aug. 15, 2022.
Competitor CGI trades at 2.1X sales and 11X Ev/Ebitda. Growth rate of revenue of 8%.
Converge is almost shockingly undervalued right now.
EPS adjusted 0.14 vs 0.09 estimate
Converge Technology Solutions (CTS.TO) on Tuesday said its second-quarter profit rose tenfold on higher revenue from customer demand and acqusitions.
The information technology and advisory company said it earned C$11.68 million, or C$0.05 per share, in the period, up from C$1.03 million, or C$0.01,in the year-prior quarter. Adjusted profit, which excludes most one-time items, rose 111% to C$29.9 million, or C$0.14 per share, beating the average analyst estimate for the measure of C$0.10 per share, according to Capital IQ.
Net revenue rose to C$596.66 million from C$345.31 million.
"Despite the macroeconomic challenges faced in the consumer market, business demand for digital transformation and hybrid IT solutions remains robust while the deep technical skills that Converge possesses surrounding analytics, cybersecurity, cloud and managed services remain scarce, especially in the mid-market. I'm proud of the fact that the company has executed on our stated acquisition plans, closing 8 acquisitions to date," chief executive Shaun Maine said in a release.
GLTA!!!