Enghouse Systems Limited (TSX: ENGH) recently announced its first-quarter financial results for the period ended January 31, 2010.
The company continues to experience significant revenues from professional services offerings, especially in the cloud contact center business. In addition, Enghouse continues to realize cost savings from telecommuting arrangements and cost reductions in its physical footprint.
Also, on December 30, 2020, Enghouse acquired 100% of the shares of Altitude Software Sistemas e Serviços S.A. (“Altitude”). This acquisition, therefore, expands Enghouse’s presence in Portugal and further expands operations in Spain, Brazil, and Mexico, allowing it to capture additional opportunities in these markets.
In conclusion, Enghouse continues its strong and stable market position. With significant cash balances, no debt, and significant operating cash flow.
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