Constellation Software Revenue Climbs 19% as Q3 Earnings Per Common Share Reach $10.01

Constellation Software’s revenue increased 19% in the third quarter, as acquisitions drove most of the growth. Organic revenue growth was 2% for the quarter ended Sept. 30, including after adjustment for foreign-exchange changes.

Revenue totaled $3.512 billion, up $564 million from $2.948 billion in the year-earlier quarter. Basic and diluted earnings per common share were both $10.01, compared with $9.89 a year earlier. Net income attributable to common shareholders was $212 million, versus $210 million.

Constellation acquires, manages and builds vertical-market software businesses. It recorded $609 million in acquisition consideration during the quarter: $484 million in cash consideration, including acquired cash, and an estimated $125 million in deferred payments.

Cash flows from operations rose 5% to $717 million from $685 million. Free cash flow available to shareholders fell 16% to $443 million from $529 million. The company-defined free cash flow measure is not recognized under International Financial Reporting Standards.