Business
Constellation Software Inc. Announces Results for Second Quarter and First Six Months of 2006
Constellation Software Inc. Announces Results for Second Quarter and First Six Months of 2006.
About this update from Constellation Software Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, Aug. 9 /CNW/ - Constellation Software Inc. (TSX:CSU)\n(\"Constellation\" or the \"Company\") today announced its unaudited second\nquarter and six month financial results for the periods ended June 30, 2006.\nSecond quarter revenue was $52.2 million, an increase of 28% compared to\n$40.7 million reported in the same period last year. Second quarter revenue\nper share on a fully diluted basis increased 23% compared to the prior year's\nsecond quarter. For the first six months total revenues were $103.4 million,\nrepresenting an increase of 32% over the same period last year. The increase\nfor both the second quarter and six-month periods were due to a combination of\nstrong organic growth from our existing businesses, estimated at approximately\n12% for the second quarter and 14% for the six months, with the remaining 16%\ngrowth for the second quarter and 18% for the six months being attributed to\nacquisitions completed in the relevant periods.\nAdjusted EBITDA for the second quarter was $7.3 million, a 40% increase\ncompared to the prior year's second quarter Adjusted EBITDA of $5.2 million.\nSecond quarter Adjusted EBITDA per share on a fully diluted basis increased\n35% compared to the prior year's second quarter. For the first six months\nAdjusted EBITDA was $14.5 million, representing an increase of 48% over the\nsame period last year.\nAdjusted Net Income for the second quarter was $5.1 million compared to\nthe prior year's second quarter Adjusted Net Income of $4.1 million, a 25%\nincrease. Adjusted Net Income in the quarter was negatively impacted by the\nappreciation of the Canadian Dollar. If the currency had remained stable at Q2\n2005 levels, management estimates that quarterly Adjusted Net Income would\nhave been approximately $0.5 million higher. Second quarter Adjusted Net\nIncome per share on a fully diluted basis increased 20% compared to the prior\nyear's second quarter. For the first six months Adjusted Net Income was $10.2\nmillion, representing an increase of 29% over the same period last year.\nNet income for the second quarter was $1.3 million compared to the prior\nyear's second quarter net loss of $3.5 million. On a fully diluted per share\nbasis this translates into a net income per share of $0.06 for the second\nquarter of 2006 compared to a net loss per fully diluted share of $0.17...