Bullboard - Stock Discussion Forum Dye & Durham Ltd T.DND

Alternate Symbol(s): DYNDF

Dye & Durham Limited is a Canada-based provider of practice management solutions. The Company offers cloud-based software and technology solutions designed to improve efficiency and increase productivity for legal and business professionals. The Company provides critical workflow software and information services, which clients use to manage their process, information and regulatory... see more

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Dye & Durham Ltd > Profit

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Post by Bjcanada on Nov 08, 2021 5:18pm

Profit

04:47 PM EST, 11/08/2021 (MT Newswires) -- Dye & Durham (DND.TO) on Monday said it posted a profit in its fiscal first quarter on higher sales.

The company, which makes legal and financial software, said it earned C$22.1 million, which it said was a rise of C$37.1 million from the year-prior period. Revenue rose 414% to C$112.6 million on acquisitions. It did not disclose year-prior figures in its release.

"With our first quarter results, we are tracking an annualized run-rate of nearly $250 million in Adjusted EBITDA. With the recent recapitalization and our robust set of pipeline opportunities, we intend to continue executing on our "Build to a Billion" growth strategy to drive further growth," chief executive Matt Proud said in a release.

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