Softchoice Corporation (T:SFTC*CA)

Business Focus: IT Services & Consulting (NEC)

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
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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

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