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 Executive Chairman of the Board | Andrew Caprara President, Chief Executive Officer, Director | Jonathan Roiter Chief Financial Officer |
| Habeeb Syed Senior Vice President - Legal, General Counsel, Corporate Secretary | Jeff Thomas Knowlton Senior Vice President - Sales | Karen Scott Senior Vice President - People & Culture |
| Sean Denomey Senior Vice President - Services | Yota Skederidis Vice President - Financial Reporting and Tax | |
| Business Overview |
| Softchoice Corporation is a Canada-based software and cloud 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 services include Cloud Migration Services, Cloud readiness review, Cloud Managed Services, Security technology review, and Digital Workplace Solutions. Its Cloud and Data Center solutions include cloud migration, adoption & management, data center modernization, and application modernization. Its IT Asset Management solutions include software asset management, hardware asset management, and IT planning and procurement. The Company's Cloud Managed Services solutions include cloud lifecycle, cloud governance, cloud operations, and cloud optimization. The Company's subsidiaries include Softchoice LP, Softchoice EmployeeCo Inc., and others. |
| Financial Overview |
| For the six months ended 30 June 2024, Softchoice Corp revenues decreased 13% to $362.7M. Net income decreased 40% to $11.1M. Revenues reflect Hardware segment decrease of 15% to $159.7M, Software & Cloud segment decrease of 16% to $144.7M, Canada segment decrease of 17% to $159.4M, United States segment decrease of 9% to $203.4M. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,215M as of Jun 30, 2024 |
| Annual revenue (TTM): | $1,035M as of Jun 30, 2024 |
| EBITDA (TTM): | $116.16M as of Jun 30, 2024 |
| Net annual income (TTM): | $52.24M as of Jun 30, 2024 |
| Free cash flow (TTM): | -$142.64M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $258.10M as of Jun 30, 2024 |
| Shares outstanding: | 60,331,418 as of Sep 24, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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