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. Maybe I'll just start with a question on the restructuring there. Could you provide some additional color in terms of where the
cost cuts we're focused and then whether that restructuring was fully completed in the quarter or if you expect to see any additional charges special
charges in Q4?
Question: Erin Kyle - CIBC - Analyst
: Okay. Steve, that's helpful. And then maybe if I can just switch gears here to the IMG division, appears the revenue declines there continued to
accelerate in the quarter. Could you maybe elaborate on just what's been driving that? Is that still some churn from life size?
Or how should we think about that?
Question: Erin Kyle - CIBC - Analyst
: Okay, thank you, that's helpful call. I will talk the line.
Question: Kevin McVeigh - UBS - Analyst
: Great. In terms of the $3 million charge, can you give us a sense of what the recurring benefit is as a result of that charge and how it's trying to
sequences over the course of this year and into next?
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SEPTEMBER 05, 2025 / 12:45PM, ENGH.TO - Q3 2025 Enghouse Systems Ltd Earnings Call
Question: Kevin McVeigh - UBS - Analyst
: Got it. That's very helpful. And then I think you referenced and you continue to reference and executing pretty well on kind of AI as you're kind of
learning. Any kind of relative to just expectations, anything to call out either internally or what your clients are asking for, just as we kind of get a
little bit kind of deeper into the kind of AI opportunities that you're seeing out there?
Question: Kevin McVeigh - UBS - Analyst
: It it's very helpful thank you.
Question: Paul Treiber - RBC Capital Markets Inc - Analyst
: Yeah, thanks, good morning. I just a question on customer churn and then new bookings. Can you just speak to the trend of both, how churn has
been trending and how bookings of new cloud offerings has been trending?
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SEPTEMBER 05, 2025 / 12:45PM, ENGH.TO - Q3 2025 Enghouse Systems Ltd Earnings Call
Question: Paul Treiber - RBC Capital Markets Inc - Analyst
: Okay. That's helpful to understand. The MD&A mentioned a focus on cash activities, including diligence on deal quality and then customer
creditworthiness. Can you just elaborate on what that's referring to? .
Question: Paul Treiber - RBC Capital Markets Inc - Analyst
: And then in terms of M&A, and you touched on it, I hope you could be more explicit. In light of this environment, are you considering lower peak
out multiples on acquisitions, or just being more prudent around some of the assumptions in acquisitions just given the lower visibility here?
Question: Paul Treiber - RBC Capital Markets Inc - Analyst
: Okay, thanks for taking the questions.
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