Constellation Software Posts Higher 2Q Profit as Acquisitions Boost Revenue

Dow Jones
08/12

Constellation Software reported a rise in profit as acquisitions boosted revenue in the second quarter.

The Canadian company, which focuses on acquiring smaller software firms, reported a profit on Tuesday of $274 million or $12.93 a share, compared with $56 million, or $2.66 a share, a year earlier.

Revenue rose 17% to $3.34 billion from $2.84 billion, driven by growth from acquisitions. Organic growth was 3%.

 

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