August 5, 2010 / 10:28 PM / 7 years ago

UPDATE 1-Constellation Software Q2 results top estimates

* Q2 adj EPS $0.95 vs est $0.84

* Revenue up 50 percent

Aug 5 (Reuters) - Canada’s Constellation Software Inc (CSU.TO) posted a quarterly profit that beat estimates, boosted by acquisitions in its public sector segment.

Net income for the second quarter was $3.3 million, or 16 cents a share, compared with $3.7 million, or 18 cents a share, a year ago.

Revenue rose 50 percent to $153 million in the quarter, while total sales in the public sector rose 46 percent to $113.3 million. The company said acquisitions completed since the beginning of 2009 contributed about $44 million to its second-quarter revenues.

On an adjusted basis, the company earned 95 cents a share.

    Analysts on average expected the company to earn 84 cents a share on revenue of $135.8 million, according to Thomson Reuters I/B/E/S.

    Shares of the company closed at C$41.76 Thursday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Aradhana Aravindan)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below