Computer Modelling (TSE:CMG) has released an update.
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Computer Modelling Group Ltd. reported a significant 47% increase in first-quarter revenue to $30.5 million, bolstered by its acquisition of Bluware, which accounted for 35% of the growth. However, the company experienced a decrease in net income to $4.0 million, a 43% drop from the previous year, mainly due to higher stock-based compensation expenses. The dividend was set at $0.05 per Common Share for the quarter.
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