Topicus.com Inc V.TOI

Alternate Symbol(s): TOITF

Technology Software - Application

Topicus.com Inc. is a Canada-based provider of vertical market software and vertical market platforms to clients in a select group of public and private sector markets. The Company is engaged principally in the development, installation and customization of software and the provision of related professional services and support for customers across approximately 20 diverse markets primarily in Europe. Its three companies, namely Total Specific Solutions (TSS) Public, TSS Blue and Topicus are engaged in acquiring, developing and managing businesses. Topicus is a provider of consumer centric platforms and common workspaces in the realms of finance, education, healthcare and social services by connecting organizations, professionals and end users. Its TSS software solutions offers its customers financial security, strategic guidance, and share their best practices so that they can be leaders in their respective domains.

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Topicus.com Inc

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Post by GrahamBon May 02, 2024 2:17am

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Post# 36018810

Q1 Highlights:Growing FCF

Q1 2024 Headlines:

Revenue increased 16% (5% organic growth) to €306.6 million compared to €264.4 million in Q1 2023.
Net income increased to €28.3 million (€0.22 on a diluted per share basis) from €21.1 million (€0.17 on a diluted per share basis).
Acquisitions were completed for aggregate cash consideration of €36.5 million (which includes acquired cash). Deferred payments associated with these acquisitions have an estimated value of €17.5 million resulting in total consideration of €54.0 million.
Cash flows from operations (“CFO”) increased €53.5 million to €227.5 million compared to €174.0 million in Q1 2023 representing an increase of 31%.
Free cash flow available to shareholders1 (“FCFA2S”) increased €32.3 million to €133.4 million compared to €101.1 in Q1 2023.