Canada’s hottest tech stock is hitting new highs. Here’s why

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 92%

Technology Technology Headlines News

Technology Technology Latest News,Technology Technology Headlines

Constellation Software Inc.’s accelerating acquisitions pace translates into rising cash flow

share price has surged to record highs after shaking off a lull in 2022, and there’s at least one good reason to stick with this rally: The company is picking off acquisitions at a brisk pace.

Successful deals translate into rising cash flow, and cash is then used to finance additional deals. In 2007, Constellation generated nearly $35-million in cash from its operations; by 2022, this number had risen to nearly $1.3-billion. Investors are clearly showing renewed confidence in the stock, which is up 21 per cent in 2023 and up 39 per cent from a recent low in November.

The flurry of deals comes amid a sluggish period for mergers and acquisitions more generally, as higher interest rates and economic uncertainty have

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Why is this not marked as promotion?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in TECHNOLOGY

Technology Technology Latest News, Technology Technology Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'I'm TaxGPT': Ottawa developer designs chatbot to help Canadians file their taxes for freeAn Ottawa\u002Dbased software developer is hoping to make filing your taxes easier with a free, AI\u002Dpowered chatbot called TaxGPT.
Source: calgaryherald - 🏆 64. / 52 Read more »

'I'm TaxGPT': Ottawa developer designs chatbot to help Canadians file their taxes for freeAn Ottawa\u002Dbased software developer is hoping to make filing your taxes easier with a free, AI\u002Dpowered chatbot called TaxGPT.
Source: calgarysun - 🏆 63. / 52 Read more »

'I'm TaxGPT': Ottawa developer designs chatbot to help Canadians file their taxes for freeAn Ottawa\u002Dbased software developer is hoping to make filing your taxes easier with a free, AI\u002Dpowered chatbot called TaxGPT. MathieuFleury it really is easy to file taxes for most people. And hopefully DiLebouthillier, if CRA really wants to make it easy for most Canadians to file their easy tax returns, they would use MyAccount to allow the filing directly by asking the right questions and populate the return. malolisica And when do we plan to start complying with Canadian accessibility laws, publicly advertised website?
Source: OttawaCitizen - 🏆 21. / 68 Read more »