Constellation’s stake is worth approximately $3.8 billion. Constellation holds 39.4 million subordinated voting shares with an economic interest of 49.3% and 74.7% of the votes. Together, they were spun out of Constellation and now operate as an independent public company, ( CA:TOI). However, in 2021, it had a $295 million expense for redeemable preferred securities, which is related to its 2021 acquisition of B.V., a vertical software provider based in the Netherlands.Ĭonstellation’s Total Specific Solutions (TSS) subsidiary completed the purchase of Topicus on Jan. The company’s pre-tax profit in 2022 was $725 million, 94% higher than a year earlier. But even there, its results aren’t as good as they look in the press release. Fortunately for CSU stock holders, its profitability was reasonably healthy in the past year. While all of these numbers look good on paper, its revenue growth in 2022 wouldn’t look nearly as promising if acquisitions were excluded from the Q4 results.įor all of 2022, Constellation’s organic revenue growth was -1%, or a slightly better 3% increase if you adjust for foreign exchange. On a per-share basis, earnings increased 65% to $24.18 a share from $14.65 in 2021. On the bottom line, its net income was $512 million, 65% higher year over year, from $310 million a year ago. dollars unless noted otherwise), up from $5.11 billion in 2021. On the top line, revenue at the Toronto company increased 30% over 2021, to $6.62 billion (all figures in U.S. If not for the acquisitions in 2022, the software consolidator’s financial performance would have to be considered a disappointment. Constellation Software ( CA:CSU) reported fourth-quarter 2022 results on March 29 after the markets closed.
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