Enghouse Systems Reports Strong Q2 Growth

Enghouse Systems (TSE:ENGH) has released an update.

Enghouse Systems Limited reports a robust second quarter for 2024 with a 10.9% increase in revenue to $125.8 million and a significant rise in operating profits by 30.5% to $33.5 million. The company’s strategic acquisitions, including Mediasite and SeaChange’s IPTV business, have strengthened its position in the video technology and European markets, respectively, contributing to a record cash reserve of $263.8 million with no external debt. Additionally, Enghouse announced a quarterly dividend of $0.26 per common share, demonstrating its continued commitment to shareholder returns.

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