Enghouse Systems Limited (TSX: ENGH) today announced its first quarter unaudited financial results for the period ended January 31, 2023. All the financial information is in Canadian dollars unless otherwise indicated.
Financial and operational highlights for the three months ended January 31, 2023 compared to the three months ended January 31, 2022 are as follows:
- Revenue achieved was $106.4 million compared to revenue of $111.1 million;
- Results from operating activities was $29.9 million compared to $35.7 million;
- Net income was $17.0 million compared to $21.6 million;
- Adjusted EBITDA was $32.3 million compared to $38.6 million;
- Cash flows from operating activities excluding changes in working capital were $32.6 million compared to $38.7 million.