Business
Dye & Durham Reports Second Quarter Fiscal 2023 Financial Results
Dye & Durham Reports Second Quarter Fiscal 2023 Financial Results Dye & Durham ...
About this update from Dye & Durham Ltd.
[{"type":"text","content":"\n \n \n \n Dye & Durham Reports Second Quarter Fiscal 2023 Financial Results\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n Dye & Durham Reports Second Quarter Fiscal 2023 Financial Results\n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 13, 2023\n \n \n /CNW/ - Dye & Durham Limited (\"\n \n Dye & Durham\n \n \" or the \"\n \n Company\n \n \") (TSX: DND), one of the world's largest providers of cloud-based legal practice management software, today announced its financial results for the three months (\"\n \n Q2 FY23\n \n \") and six months (\"\n \n YTD FY23\n \n \") ended\n \n December 31, 2022\n \n .\n \n \n \"Dye & Durham continues to outperform the activity in the real estate market. While real estate transaction volumes were down globally, and down 38% in\n \n Canada\n \n , our business remained highly resilient as demonstrated by our financial performance this quarter,\" said\n \n Matt Proud\n \n , CEO of Dye & Durham. \"We continue to innovate our product offering and take concrete actions to fortify the business in the current challenging environment. Our disciplined approach toward capital allocation and cost management position the business for sustained growth.\"\n \n \n \n Second Quarter Fiscal 2023 Highlights\n \n \n \n \n Revenue of\n \n $106.7 million\n \n , a decrease of\n \n $3.0 million\n \n , or 3%, from the same period in the prior year.\n \n \n Net loss of\n \n $(34.8) million\n \n , a decrease of\n \n $30.8 million\n \n , from the same period in the prior y...