Enghouse beats last year's numbers by a mile

MARKHAM — Enghouse Systems Limited (TSX:ESL) had a banner third quarter, ended July 31, 2009, with revenues up 59% over the same period last year, and net income up 50%.
Enghouse provides enterprise software solutions to a variety of distinct vertical markets. Its strategy is to build a larger and diverse software company through strategic acquisitions and managed growth.
Third quarter revenue was $23.4 million, compared to $14.7 million reported in the same period last year. Net income for the third quarter was $2.4 million compared to the prior year's $1.6 million. This year's numbers are unaudited. The increase in revenue was the result of increased licence and services revenue in the company's traditional Syntellect Division operations as well as revenue from recent acquisitions, Trio Enterprise AB ("Trio") and Envox, acquired on October 20, 2008. The company also gained on the conversion of U.S. dollar revenue into Canadian dollars.
Since October 2008, Enghouse has spent $7.4 million on acquisitions and $2 million on dividend payments. In addition, the company remains active in its normal course issuer buyback. On a year to date basis the company has repurchased 936,924 common shares for a total cost of $4.5 million,

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