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An announcement from Computer Modelling ( (TSE:CMG) ) is now available.
Computer Modelling Group Ltd. announced its third-quarter results for fiscal 2025, highlighting a revenue increase to $35.8 million, driven by its recent acquisition of Sharp Reflections GmbH. The company also reported a significant 71% rise in net income to $9.6 million due to increased operating profit and foreign exchange gains. The acquisition of Sharp has notably contributed to the growth in the Seismic Solutions segment, positioning the company for enhanced market competitiveness.
More about Computer Modelling
Computer Modelling Group Ltd. operates in the software industry, focusing on developing and licensing reservoir simulation and seismic interpretation software. The company’s operations are divided into two segments: Reservoir & Production Solutions, which includes reservoir simulation software, and Seismic Solutions, which encompasses seismic interpretation software through entities like Bluware-Headwave Ventures Inc. and Sharp Reflections GmbH.
YTD Price Performance: 3.03%
Average Trading Volume: 214,534
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$880.4M
For a thorough assessment of CMG stock, go to TipRanks’ Stock Analysis page.