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Softchoice Corporation (T:SFTC)

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
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 nine months ended 30 September 2023, Softchoice Corp revenues decreased 14% to $598.5M. Net income increased from $3.6M to $27M. Revenues reflect Hardware segment decrease of 27% to $271.1M, Software & Cloud segment decrease of less than 1% to $244.4M, United States segment decrease of 16% to $322.4M, Canada segment decrease of 12% to $276.2M.
Reporting Currency: U.S. Dollars
Enterprise value: $1,188M as of Sep 30, 2023
Annual revenue (TTM): $1,119M as of Sep 30, 2023
EBITDA (TTM): $122.50M as of Sep 30, 2023
Net annual income (TTM): $61.16M as of Sep 30, 2023
Free cash flow (TTM): $100.32M as of Sep 30, 2023
Net Debt Last Fiscal Year: $137.61M as of Sep 30, 2023
Shares outstanding: 59,690,691 as of Jan 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization