Enghouse Releases First Quarter Results

Enghouse Systems Limited (TSX: ENGH) today announced its first quarter (unaudited) financial results for the period ended January 31, 2021. All the financial information is in Canadian dollars unless otherwise indicated.

Key financial and operational highlights for the three months ended January 31, 2021 (compared to the same period in 2020) are as follows:

  • Revenue grew 7.6% to $119.1 million;
  • Results from operating activities increased 32.0% to $40.7 million;
  • Net income increased 27.9% to $20.6 million;
  • Cash flows from operating activities excluding changes in working capital increased 18.6% to $41.7 million, closing the quarter with $230.4 million in cash, cash equivalents and short-term investments.