Computer Modelling (TSE:CMG) has released an update.
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Computer Modelling Group Ltd. reported a significant first-quarter revenue increase to $30.5 million, up 47% from the previous year, bolstered by its acquisition of Bluware. However, this growth was offset by a notable decline in net income and earnings per share, which fell by 43% and 44% respectively, largely due to increased stock-based compensation costs. The company also announced a quarterly dividend of $0.05 per common share.
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