March 9, 2011 / 10:54 PM / 7 years ago

UPDATE 1-Enghouse Q1 profit up, raises dividend by 25 pct

* Q1 EPS C$0.12 vs C$0.08 last year

* Q1 rev rises 46 pct to C$28.6 mln (Adds details)

March 9 (Reuters) - Enghouse Systems Ltd , a provider of enterprise software solutions, posted a higher first-quarter profit on increased license sales and also raised its quarterly dividend.

The Markham, Ontario-based company increased its quarterly dividend by 25 percent to 5 Canadian cents per share, payable on May 31, to shareholders of record on May 17.

Net income for the first quarter was C$3.1 million, or 12 Canadian cents a share, compared with C$1.9 million, or 8 Canadian cents per share, last year.

Revenue rose 46 percent to C$28.6 million, helped by increased license sales in the quarter and contributions from acquisitions.

Shares of the company closed at C$9.06 on Wednesday on the Toronto Stock Exchange. (Reporting by Amruta Sabnis in Bangalore; Editing by Jarshad Kakkrakandy)

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