Constellation Software is a leading provider of software and services to a select group of public and private sector markets. We acquire, manage and build industry specific software businesses which provide specialized, mission-critical software solutions that address the particular needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With over 85,000 customers in over 100 countries and a proven track record of solid growth, we're establishing a broad portfolio of software businesses to provide our customers and shareholders with exceptional returns.
Constellation Software Inc. Announces Results for the Fourth Quarter and
Year Ended December 31, 2015 and Declares Quarterly Dividend
TORONTO, ONTARIO (February 17, 2016) -- Constellation Software Inc. (TSX:CSU) (“Constellation” or the
“Company”) today announced its financial results for the fourth quarter and year ended December 31, 2015 and
declared a $1.00 per share dividend payable on April 5, 2016 to all common shareholders of record at close of
business on March 18, 2016. This dividend has been designated as an eligible dividend for the purposes of the
Income Tax Act (Canada). Please note that all dollar amounts referred to in this press release are in U.S. Dollars
unless otherwise stated.
The following press release should be read in conjunction with the Company’s annual Consolidated Financial
Statements, prepared in accordance with International Financial Reporting Standards (“IFRS”) and our annual
Management’s Discussion and Analysis for the year ended December 31, 2015, which can be found on SEDAR at
www.sedar.com and on the Company’s website www.csisoftware.com. Additional information about the Company
is also available on SEDAR at www.sedar.com.
Q4 2015 Headlines:
Revenue grew 16% (negative 1% organic growth) to $512 million compared to $440 million in Q4 2014.
Changes in foreign exchange rates resulted in an approximate 5% reduction in organic growth.
Adjusted EBITA increased $29 million or 28% to $133 million as compared to $104 million in Q4 2014.
Adjusted EBITA margin increased 2% from 24% in Q4 2014 to 26% in Q4 2015. Changes in foreign
exchange rates resulted in less than a 1% reduction in Adjusted EBITA margin.
Adjusted net income increased 36% to $118 million ($5.55 on a diluted per share basis) from $87 million
($4.09 on a diluted per share basis) in Q4 2014.
Net income increased 68% to $66 million ($3.11 on a diluted per share basis) from $39 million ($1.86 on
a diluted per share basis) in Q4 2014.
Nine acquisitions were completed for a