Business
Computer Modelling Group Announces Second Quarter Results
CALGARY, AB / ACCESSWIRE / November 10, 2022 / Computer Modelling Group Ltd. ("CMG" or the "...
About this update from Computer Modelling Group Ltd.
[{"type":"text","content":"Computer Modelling Group Announces Second Quarter ResultsCALGARY, AB / ACCESSWIRE / November 10, 2022 / Computer Modelling Group Ltd. (\"CMG\" or the \"Company\") announces its financial results for the three and six months ended September 30, 2022.Quarterly Performance Fiscal 2021 (2)Fiscal 2022 (3)Fiscal 2023 (4)($ thousands, unless otherwise stated)Q3Q4Q1Q2Q3Q4Q1Q2Annuity/maintenance license revenue13,47713,79012,28613,23913,57514,30613,52914,825Perpetual license revenue6601,1841258461,4972,351386780Software license revenue14,13714,97412,41114,08515,07216,65713,91515,605Professional services revenue1,9011,8272,0031,8641,9732,1372,1922,477Total revenue16,03816,80114,41415,94917,04518,79416,10718,082Operating profit8,4376,5565,5735,4407,7557,3124,9615,555Operating profit (%)5339393445393131Profit before income and other taxes7,4105,7474,8275,3217,3106,5635,1825,989Income and other taxes1,5351,4541,0941,1751,7361,6111,3691,579Net income for the period5,8754,2933,7334,1465,5744,9523,8134,410EBITDA (1)9,5097,6276,5966,4738,8438,3665,8926,492Cash dividends declared and paid4,0154,0144,0154,0164,0174,0164,0174,025Funds flow from operations7,3226,2674,8114,9047,0227,1054,5584,974Free cash flow (1)7,0055,7554,4784,4946,2276,5844,2554,505Per share amounts - ($/share) Earnings per share (EPS) - basic and diluted0.070.050.050.050.070.060.050.05Cash dividends declared and paid0.050.050.050.050.050.050.050.05Funds flow from operations per share - basic0.090.080.060.060.090.090.060.06Free cash flow per share - basic (1)0.090.070.060.060.080.080.050.06This is a non-IFRS financial measure. See the \"Non-IFRS Financial Measures\" section.Q3 and Q4 of fiscal 2021 include $nil and $1.1 million, respectively, in revenue that pertains to usage of CMG's products in prior quarters.Q1, Q2 Q3 and Q4 of fiscal 2022 include $nil, $0.5 million, $nil and $0.8 million, respectively, in revenue that pertains to usage of CMG's products in prior quarters.Q1 and Q2 of fiscal 2023 include $0.2 million and $0.3 million, respectively, in revenue that pertains to usage of CMG's products in prior quarters.Commentary on Quarterly PerformanceFor the Three Months EndedFor the Six Months EndedSeptember 30, 2022 and compared to the same period of the previous fiscal year, when appropriate: Annuity/maintenance license revenue increased by 12%;Annuity/maintenance license ...