Q3 revenue jumps for Constellation Software
by The Canadian Press
Constellation said the increase was mainly attributable to growth from acquisitions, although four per cent was the result of organic growth
TORONTO—Constellation Software Inc. has reported a big increase in third-quarter net income from a sharp increase in revenue largely attributed to acquisitions.
The business software company says net income in the three months ended Sept. 30 was US$31.9 million or $1.51 per share, up 44 per cent from $22.2 million or $1.05 per share.
Consolidated revenue rose 33 per cent to US$418.8 from $315.9 million as profession services fees rose to US$99.6 million from $62.8 million, while maintenance and other recurring revenue rose to US$257.9 million from $191.3 million.
Constellation said the increase was mainly attributable to growth from acquisitions, although four per cent was the result of organic growth.
