November 3, 2010 / 9:59 PM / 7 years ago

UPDATE 1-Constellation Software Q3 earnings beats estimates

* Q3 adj EPS $1.21 vs $0.97 est

* Revenue up 52 pct to $162.8 mln

Nov 3 (Reuters) - Canada's Constellation Software Inc's (CSU.TO) quarterly profit beat estimates, helped by a surge in revenue in its public sector segment.

For the July-September quarter, net income was $14.2 million, or 67 cents a share, compared with $2.7 million, or 13 cents a share, a year ago.

Revenue rose 52 percent to $162.8 million. Revenue in the public sector segment, which contributes 74 percent of total revenue, increased 48 percent to $120 million.

On an adjusted basis, the company earned $1.21 a share, up from 69 cents apiece a year ago.

Analysts on average expected the company to earn 97 cents a share on revenue of $151.3 million, according to Thomson Reuters I/B/E/S.

Shares of the Toronto-based Constellation, which have risen 22 percent in value year-to-date, closed at C$45.49 on the Toronto Stock Exchange. (Reporting by Abhiram Nandakumar in Bangalore; Editing by Don Sebastian)

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