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Enghouse Systems had a challenging quarter. Its profits fell. It did not meet market expectations.
The company earned less. 17.17 million Canadian dollars. Or 0.31 per share. Last year was better: 20.58 million, 0.37 per share.
Analysts expected more. They forecasted 0.39 per share. It seems they were wrong.
Revenue also decreased. A 3.8% drop. 125.58 million Canadian dollars. The previous year it was 130.50 million.
It's a bit surprising. It's not entirely clear what happened. Perhaps the market is changing.
In summary:
- Earnings: 17.17 million vs 20.58 million from last year.
- By action: 0.31 vs 0.37 previous.
- Revenues: 125.58 million vs 130.50 million before.
The numbers were not good for Enghouse. We'll see what happens next quarter.