Constellation Software Posts Higher 1Q Sales, Profit

Published: 2026-05-12 17:38:32 ET CSU.TO

Published on 05/12/2026 at 05:38 pm EDT

By Katherine Hamilton

Constellation Software recorded higher profit and sales in the first quarter, as acquisitions grew.

The Canadian company, which acquires smaller software firms, on Tuesday posted a profit of $367 million, or $17.32 a share, in the quarter ended March 31, compared with $136 million, or $6.41 a share, a year earlier.

Analysts expected $25.16 a share in earnings, according to FactSet.

Revenue rose 20% to $3.18 billion. Analysts surveyed by FactSet forecast revenue of $3.14 billion. Sales were driven by growth from acquisitions.

Constellation's stock took a dive in late January as investors started worrying that AI would be able to do everything that software companies can do. Through the close, shares were still down 27% this year.

Write to Katherine Hamilton at [email protected]

(END) Dow Jones Newswires

05-12-26 1737ET