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Enghouse Systems profit misses consensus by 31.2% in fiscal Q1

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Enghouse Systems profit misses consensus by 31.2% in fiscal Q1

Enghouse Systems Ltd. said its normalized net income for the fiscal first quarter ended Jan. 31 amounted to 26 Canadian cents per share, compared with the S&P Capital IQ consensus estimate of 38 cents per share.

EPS climbed 9.9% year over year from 24 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$7.1 million, a gain of 11.1% from C$6.4 million in the prior-year period.

The normalized profit margin fell to 9.6% from 10.2% in the year-earlier period.

Total revenue climbed 18.0% year over year to C$74.4 million from C$63.0 million, and total operating expenses increased 19.3% from the prior-year period to C$63.0 million from C$52.8 million.

Reported net income grew on an annual basis to C$8.4 million, or 31 cents per share, from C$2.4 million, or 9 cents per share.