Sector: Technology | Industry: IT Services & Consulting |
Company Contact | |
Address: | 200-173 Dufferin St TORONTO ON M6K 3H7 |
Tel: | N/A |
Website: | https://www.softchoice.com |
IR: | See website |
Key People | ||
Vincent Rudolph De Palma President, Chief Executive Officer, Director | Deepa Chander Vice President - Finance Operations | Andrew Caprara President, Chief Operating Officer |
Yota Skederidis Interim Chief Financial Officer | Habeeb Syed Senior Vice President - Legal, General Counsel, Corporate Secretary | Sean Denomey Senior Vice President - Services and Customer Success |
Jeff Thomas Knowlton Senior Vice President - Sales | Maria Odoardi Senior Vice President - Organizational Effectiveness and Chief of Staff | Jeff Reis Senior Vice President -Information Technology and Workplace | Karen Scott Senior Vice President - People & Culture |
Business Overview |
Softchoice Corporation is a Canada-based software-focused information technology (IT) solutions provider. The Company designs, procures, implements, and manages complex multi-vendor IT solutions. Its solutions include Cloud and Data Center, Collaboration and Digital Workplace, IT Asset Management, Network, and Security. Its Cloud and Data Center solutions include data center modernization; cloud migration, adoption and management; and application modernization. It helps organizations manage their IT assets, including software asset management (SAM) managed services for software used on-premises or in the cloud in line with IT asset management best practices. It offers a range of IT lifecycle services, professional services, and managed services. Its services include cloud migration services, cloud readiness review, cloud managed services, security technology review, and digital workplace solutions. Its subsidiaries include Softchoice LP, Softchoice EmployeeCo Inc., and others. |
Financial Overview |
For the three months ended 31 March 2024, Softchoice Corp revenues decreased 19% to $169.8M. Net loss totaled $1M vs. income of $4.5M. Revenues reflect Software & Cloud segment decrease of 28% to $60.8M, Hardware segment decrease of 16% to $80.9M, Canada segment decrease of 23% to $74.6M, United States segment decrease of 15% to $95.2M. Net loss reflects Net foreign exchange gain on financing a increase from $120K to $3.9M (expense). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,112M as of Mar 31, 2024 |
Annual revenue (TTM): | $1,063M as of Mar 31, 2024 |
EBITDA (TTM): | $115.61M as of Mar 31, 2024 |
Net annual income (TTM): | $55.34M as of Mar 31, 2024 |
Free cash flow (TTM): | $92.96M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $88.47M as of Mar 31, 2024 |
Shares outstanding: | 60,328,918 as of Apr 29, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |