Acquisitions supplied most of the increase as Constellation Software’s third-quarter revenue advanced 19%, while its defined free cash flow available to shareholders measure fell 16% year over year.
Revenue for the quarter ended Sept. 30 reached $3.512 billion, a $564 million increase from $2.948 billion a year earlier. After adjusting for foreign-exchange changes, organic revenue growth was 2%.
Constellation acquires, develops and operates software businesses serving specialized industries. Quarterly acquisition consideration was $609 million: $484 million was cash, including acquired cash, and an estimated $125 million was deferred.
Net income attributable to common shareholders rose to $212 million from $210 million a year earlier. Basic and diluted earnings per common share were each $10.01, compared with $9.89 in the year-earlier quarter.
Cash generated from operations was $717 million, up 5% from $685 million. The company-defined free cash flow available to shareholders measure came to $443 million, down 16% from $529 million a year earlier. International Financial Reporting Standards do not recognize that measure.
