Converge Information and Communications Technology Solutions Past Earnings Performance
Past criteria checks 5/6
Converge Information and Communications Technology Solutions has been growing earnings at an average annual rate of 32.6%, while the Telecom industry saw earnings growing at 13.4% annually. Revenues have been growing at an average rate of 31.2% per year. Converge Information and Communications Technology Solutions's return on equity is 20.1%, and it has net margins of 25.7%.
Key information
32.6%
Earnings growth rate
26.9%
EPS growth rate
Telecom Industry Growth | 11.5% |
Revenue growth rate | 31.2% |
Return on equity | 20.1% |
Net Margin | 25.7% |
Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Converge Information and Communications Technology Solutions makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
---|---|---|---|---|
31 Dec 23 | 35,359 | 9,097 | 8,062 | 0 |
30 Sep 23 | 35,463 | 7,700 | 9,424 | 0 |
30 Jun 23 | 35,004 | 7,773 | 9,159 | 0 |
31 Mar 23 | 34,590 | 7,641 | 8,717 | 0 |
31 Dec 22 | 33,696 | 7,439 | 7,792 | 0 |
30 Sep 22 | 32,129 | 8,067 | 7,701 | 0 |
30 Jun 22 | 30,751 | 7,857 | 7,093 | 0 |
31 Mar 22 | 28,679 | 7,579 | 6,398 | 0 |
31 Dec 21 | 26,479 | 7,158 | 5,556 | 0 |
30 Sep 21 | 23,806 | 6,396 | 5,237 | 0 |
30 Jun 21 | 20,944 | 5,381 | 4,732 | 0 |
31 Mar 21 | 18,178 | 4,363 | 4,005 | 0 |
31 Dec 20 | 15,652 | 3,388 | 3,493 | 0 |
30 Sep 20 | 13,423 | 2,430 | 2,806 | 0 |
30 Jun 20 | 11,687 | 2,008 | 2,436 | 0 |
31 Mar 20 | 10,189 | 1,714 | 2,201 | 0 |
31 Dec 19 | 9,139 | 1,960 | 1,945 | 0 |
01 Jan 19 | 5,055 | 1,257 | 1,038 | 0 |
31 Dec 17 | 2,940 | 1,231 | 513 | 0 |
31 Dec 16 | 1,894 | 574 | 356 | 0 |
Quality Earnings: CNVRG has high quality earnings.
Growing Profit Margin: CNVRG's current net profit margins (25.7%) are higher than last year (22.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CNVRG's earnings have grown significantly by 32.6% per year over the past 5 years.
Accelerating Growth: CNVRG's earnings growth over the past year (22.3%) is below its 5-year average (32.6% per year).
Earnings vs Industry: CNVRG earnings growth over the past year (22.3%) exceeded the Telecom industry 8.1%.
Return on Equity
High ROE: CNVRG's Return on Equity (20.1%) is considered high.