)
Softchoice (SFTC) investor relations material
Softchoice Q3 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved double-digit organic growth in Q3 2024, with gross profit up 8.9%–10% year-over-year, driven by strong Software & Cloud and Services performance, recurring SaaS/cloud gross profit, and market share gains.
Customer base expanded over 4% in Q3 and 5% over the last 12 months, with a 105% revenue retention rate and increased salesforce investment.
Launched the SAM+ Hub, a proprietary software asset management tool, with over 1,000 customers using it since September, driving customer engagement and acquisition.
Recognized for workplace excellence, ESG leadership, and as Cisco Canada's Commercial Impact Partner of the Year.
Strong Microsoft partnership, with CSP revenue up over 50% in 2023 and expected to rise 25% in 2024.
Financial highlights
Q3 2024 gross profit: $85.2M, up 8.9% year-over-year; gross profit margin was 13.6% of gross sales.
Adjusted EBITDA grew 2%–2.2% in Q3, with margin stable at 27.3% of gross profit.
Adjusted EPS (diluted) was $0.18, down from $0.27 or $0.23 in Q3 2023, due to higher taxes and financial expenses.
Net income per share (diluted) was $0.15, up from $0.14 in Q3 2023.
Free cash flow for the trailing twelve months declined to $33M from $62M, mainly due to higher taxes and expenses.
Outlook and guidance
Confident in achieving 2024 objectives for market share and returning to historical top-line growth rates, with continued organic growth and margin expansion targeted.
Q4 expected to be seasonally lower, around 26% of full-year gross profits, due to timing of incentives and hardware orders.
Dividend per share increased by 18% over Q4 2023, reflecting confidence in future cash flows.
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
)
)