Business
Constellation Software Inc. Announces Results for the Fourth Quarter and Twelve Months Ended December 31, 2006 and Declares its Annual Dividend
Constellation Software Inc. Announces Results for the Fourth Quarter and Twelve Months Ended December 31, 2006 and Declares its Annual Dividend.
About this update from Constellation Software Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, March 7 /CNW/ - Constellation Software Inc. ("Constellation" or\nthe "Company") (TSX:CSU) today announced its financial results for the fourth\nquarter and fiscal year ended December 31, 2006, and declared a $0.15 per\nshare dividend payable on March 30, 2007 to all common shareholders and class\nA non-voting shareholders of record at the close of business on March 19,\n2007. Please note that all dollar amounts referred to in this press release\nare U.S. Dollars unless otherwise stated.\n\n\nFourth quarter revenue was $53.5 million, an increase of 20% compared to\n$44.6 million reported in the same period last year. Fourth quarter revenue\nper share on a fully diluted basis increased 16% compared to the prior year's\nfourth quarter. Total revenue for the twelve months ended December 31, 2006\nwas $210.8 million, an increase of 28% over last year's revenues of\n$165.4 million. Revenue per share on a fully diluted basis for the twelve\nmonth period increased 23% compared to 2005.\n\n\nAdjusted EBITDA for the fourth quarter was $8.4 million, a 28% increase\ncompared to the prior year's fourth quarter Adjusted EBITDA of $6.6 million.\nFourth quarter Adjusted EBITDA per share on a fully diluted basis increased\n24% compared to the prior year's fourth quarter. Adjusted EBITDA for the\ntwelve month period was $30.8 million, an increase of 31% over last year's\nAdjusted EBITDA of $23.5 million. Adjusted EBITDA per share on a fully diluted\nbasis for the twelve month period increased 27% compared to 2005.\n\n\nAdjusted Net Income for the fourth quarter was $9.0 million compared to\nthe prior year's fourth quarter Adjusted Net Income of $4.1 million, a 117%\nincrease. Fourth quarter Adjusted Net Income per share on a fully diluted\nbasis increased 111% compared to the prior year's fourth quarter. Adjusted Net\nIncome for the twelve month period was $25.9 million, an increase of 51% over\nlast year's Adjusted Net Income of $17.2 million. Adjusted Net Income per\nshare on a fully diluted basis for the twelve month period increased 46%\ncompared to 2005.\n\n\nNet income for the fourth quarter was $3.8 million compared to the prior\nyear's fourth quarter net income of $0.8 million. On a fully diluted per share\nbasis, this translates into net income per share of $0.18 for the fourth\nquarter of 2006, compa...