Enghouse Systems (TSE:ENGH) has released an update.
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Enghouse Systems reported a robust fiscal year with a 10.7% increase in revenue, surpassing $500 million, and a notable rise in recurring revenue driven by SaaS and maintenance services. Net income also saw a significant boost, highlighting the company’s focus on profitability and strategic acquisitions. With record cash reserves and no external debt, Enghouse is well-positioned for future growth and continued dividend returns to shareholders.
For further insights into TSE:ENGH stock, check out TipRanks’ Stock Analysis page.
