Converge Technology Solutions Corp. (CTSDF) Q3 2024 Earnings Call Transcript Summary
Converge Technology Solutions Corp. (CTSDF) Q3 2024 Earnings Call Transcript Summary
Cash from operating activities was reported at $48.9 million for the quarter, with a 152% conversion from adjusted EBITDA.The following is a summary of the Converge Technology Solutions Corp. (CTSDF) Q3 2024 Earnings Call Transcript:
以下是Converge Technology Solutions Corp. (CTSDF) Q3 2024 業績會實錄摘要:
Financial Performance:
財務表現：
Q3 2024 financial results were affected by lower demand in North America, leading to results below guidance.
Adjusted EBITDA for the quarter was $32.1 million.
Cash from operating activities was reported at $48.9 million for the quarter, with a 152% conversion from adjusted EBITDA.
Gross sales for Q3 were approximately $945 million, down 8.9% year-over-year.
Q3 2024財務業績受北美需求下滑影響，導致低於預期結果。
該季度調整後的EBITDA爲3,210萬美元。
該季度經營活動現金淨流入報告爲4,890萬美元，調整後的EBITDA轉化率達到152%。
Q3的總銷售額約爲9,4500萬美元，同比下降8.9%。
Business Progress:
業務進展：
Strategic areas, including AI, Cloud, and Cyber, grew double digits despite overall lower demand.
Converge continues to focus on its AIM strategy (Advise, Implement, Manage) across practice areas.
A major milestone was achieved with the successful implementation of a new ERP system.
儘管總體需求下降，戰略領域，包括人工智能、雲計算和網絡安全概念，增長兩位數。
Converge繼續專注於其人工智能策略(諮詢、實施、管理)跨業務領域。
成功實施新ERP系統是一個重要里程碑。
Opportunities:
機會：
Continued growth in strategic areas such as AI, Cloud, and Cybersecurity indicates potential for market differentiation and long-term organic growth.
在人工智能、雲計算和網絡安全概念等戰略領域持續增長表明有潛力實現市場差異化和長期有機增長。
Risks:
風險：
Lower demand in North America impacted financial results, indicating potential risks from macroeconomic conditions.
Project spending delays due to uncertain market conditions lead to cautious customer investment, particularly affecting data center and device business areas.
北美地區需求下降影響了財務結果，表明宏觀經濟狀況存在潛在風險。
由於市場不確定性導致項目支出延遲，客戶謹慎投資，特別影響到idc概念和設備業務領域。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
