Computer Modelling (TSE:CMG) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Computer Modelling Group Ltd. reported a significant 47% increase in first-quarter revenue to $30.5 million, bolstered by its acquisition of Bluware, which accounted for 35% of the growth. However, the company experienced a decrease in net income to $4.0 million, a 43% drop from the previous year, mainly due to higher stock-based compensation expenses. The dividend was set at $0.05 per Common Share for the quarter.
For further insights into TSE:CMG stock, check out TipRanks’ Stock Analysis page.
