Constellation Software Profit Rises as Acquisitions Lift Revenue

Constellation Software posted third-quarter profit of $212 million as revenue climbed 19% to $3.51 billion, with acquired businesses driving most of the growth. Earnings per share, however, came in below analysts’ expectations, while organic revenue increased 2%, the company said.

Today, 03:04· Money Talk· 448 reads

Profit was $10.01 a share, up from $9.89 a year earlier but short of the $15.17 per share analysts polled by FactSet had expected. Revenue narrowly exceeded the $3.50 billion forecast.

Maintenance and other recurring revenue, the company’s largest revenue category, rose to $2.72 billion from $2.21 billion a year earlier. Professional services revenue increased to $569 million from $538 million, while hardware and other revenue grew to $131 million from $89 million. Licensing revenue fell to $97 million from $107 million.

Constellation Software Profit Rises as Acquisitions Lift Revenue

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