Converge Technology Solutions Corp. announces Q3 2024 revenue down to $630-631m, citing macroeconomic impact on customer spending and project delays.
Converge Technology Solutions Corp. announced preliminary Q3 2024 results, expecting revenue between $630 million and $631 million, down from previous estimates and last year's $710.1 million. Gross profit and adjusted EBITDA also declined. The drop is attributed to macroeconomic conditions affecting customer spending and project delays. Despite challenges, cloud and software revenue grew. Full results and a fiscal outlook will be released on November 12, 2024.
October 24, 2024
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