The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Erin Kyle - CIBC - Analyst
: Hi, good morning, Steve and team. My first question, I want to start on recent M&A. So you discussed the acquisition of Margento and the AMG
Group. Is there any additional detail you can share there around the size of the acquisition, the process, and then, is the revenue there primarily
staff and maintenance with a bit of hardware?
Question: Erin Kyle - CIBC - Analyst
: Okay, thank you (multiple speakers)
Question: Erin Kyle - CIBC - Analyst
: Right, thank you. And then I just wanted to turn to maybe the IMG division. So we saw revenue decline there again in that segment. Was that
decline related to the ongoing turn of life size or is there other factors there?
Question: Erin Kyle - CIBC - Analyst
: Okay. And so then the churn at life size, is that stabilized in the quarter compared to the prior quarter then?
Question: Erin Kyle - CIBC - Analyst
: Okay. Thank you. That's all from me.
Question: Kevin McKay - UBS - Analyst
: Great. Thanks so much and good morning. Hey, I think in the press release you had highlighted kind of, global uncertainty from trade, obviously
interest rates, commodity prices, things like that. Have you started to see that yet in the business or is that something you're kind of positioning
for and does that factor into kind of the pacing of the current M&A. Just any thoughts around that just it seems like the uncertainty may maybe
create some opportunity, but it feels a little subdued in terms of M&A relative to history. So just any thoughts around that and I guess, with our
federal government, I guess maybe triangulate any comments around that as well if you could.
Question: Kevin McKay - UBS - Analyst
: Very helpful. I guess, and then I'll get back in the queue. You've already got a pretty enviable dividend yield and it was good to see the increase,
but I guess what drove that, particularly given I think, the indicated yield is almost 4.75%, so pretty high, just any thoughts around the dividend
and what drove that increase it was already pretty impressive.
Question: Kevin McKay - UBS - Analyst
: Understood. Thank you.
Question: Paul Treiber - RBC Capital Markets - Analyst
: Oh, thanks very much and good morning. Just a question on deferred revenue. Deferred revenue, it's been fairly steadily increasing. I think this
quarter it's an all-time high. Is there anything unusual that has been lifting deferred revenue, any change in terms, or is it just a normal course that
it's increasing here?
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MARCH 11, 2025 / 12:45PM, ENGH.TO - Q1 2025 Enghouse Systems Ltd Earnings Call
Question: Paul Treiber - RBC Capital Markets - Analyst
: In terms of renewal rates, I mean you've been seeing a shift to the cloud. Are cloud renewal rates similar to what you've seen on on-premise or
maintenance?
Question: Paul Treiber - RBC Capital Markets - Analyst
: It is on service margins they have been trending down as you mentioned with the cloud going up. Is this strategy to drive up margins there primarily
through taking out some third party software?
Question: Paul Treiber - RBC Capital Markets - Analyst
: And then just lastly on top of allocation share buybacks to take up. Is this a sustainable run rate? Do you see more room for share buybacks to
increase here?
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MARCH 11, 2025 / 12:45PM, ENGH.TO - Q1 2025 Enghouse Systems Ltd Earnings Call
Question: Paul Treiber - RBC Capital Markets - Analyst
: Yeah, thanks for taking the questions.
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