CSI Announces Results for the Third Quarter Ended September 30, 2013 and Declares Quarterly Dividend - More - CASITRON

CSI Announces Results for the Third Quarter Ended September 30, 2013 and Declares Quarterly Dividend
2013-10-30

TORONTO, ONTARIO (October 30, 2013) -- Constellation Software Inc. (TSX:CSU) (“Constel
lation” or the“Company”) today announced its financial results for the third quarter ended September 30, 2013 and declared a$1.00 per share dividend payable on January 3, 2014 to all common shareholders of record at close of business on December 17, 2013. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act (Canada). Please note that all dollar amounts referred to in this press release are in U.S. Dollars unless otherwise stated.

The following press release should be read in conjunction with the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three and nine months ended September 30, 2013 and the accompanying notes, our Management’s Discussion and Analysis for the three and nine months ended September30, 2013, our annual Consolidated Financial Statements, prepared in accordance with International FinancialReporting Standards (“IFRS”) and our annual Management’s Discussion and Analysis for the year ended December 31, 2012, which can be found on SEDAR at www.sedar.com and on the Company’s website www.csisoftware.com. Additional information about the Company is also available on SEDAR at www.sedar.com.

Q3 2013 Headlines: 
 
 
 
 
Revenue grew 40% (4% organically) to $316 million compared to $226 million in Q3 2012.
Adjusted EBITDA increased $12 million or 25% to $61million as compared to Q3 2012.
Adjusted Net Income increased 29% to $54 million ($2.55 on a diluted per share basis) from $42 million ($1.99 on a diluted per share basis) in Q3 2012.
Seven acquisitions were completed for aggregate cash consideration of $10 million plus cash holdbacks of $1 million and estimated value of contingent consideration of $1 million.
Cash flows from operations for the first nine months of 2013 increased $55 million or 66% to $139 million from $84 million for the comparable period in 2012.
The amount drawn on the Company’s credit facility decreased to $148 million from $185 million in Q2 2013.
 
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