Enghouse Systems (TSE:ENGH) has released an update.
Enghouse Systems reports a robust first quarter with a 13.2% revenue increase to $120.5 million and significant growth in recurring revenue, contributing 70.2% to the total. The company’s operational efficiency improved, with a higher EBITDA margin and an 18.2% dividend increase, marking the 16th year of double-digit dividend growth. Enghouse also bolstered its market position with the cash acquisition of Mediasite assets, expanding into the Japanese market.
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