Constellation Software reports US$152M Q4 profit, acquisitions help lift revenue

TORONTO –

Constellation Software Inc. reported a fourth-quarter revenue of US$152 million, up from $124 million a yr earlier, as acquisitions helped its income develop.

The firm, which retains its books in U.S. {dollars}, says the revenue amounted to US$7.19 per diluted share for the quarter ended Dec. 31.

The end result in contrast with a revenue of US$5.86 per diluted share within the final three months of 2021.

Revenue totalled US$1.85 billion, up from US$1.38 billion a yr earlier.

Constellation says the rise in income was attributable to development from acquisitions because it skilled natural development of adverse one per cent for the quarter.

After adjusting for modifications in overseas trade charges, the corporate says its natural income development was 4 per cent.