Enghouse Systems Ltd Q4 2021 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Steve, can maybe we talk a little bit about just capital and use of capital and maybe revisit from a year ago? You talked about willingness to use debt and we ended up because you had larger outsized profits, let's say, and build cash, you return that to shareholders. But if we look -- you're sort of close in almost. You're about CAD 20 million off on a net debt basis from where you would have been, I guess, 16 days before the payment would have been made for the special dividend. Maybe just walk us through how you're thinking beyond M&A? How you might think about share repurchases or the regular dividend or special, anything like that in the context of where you're headed today?

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : And I guess the other part of that, that I didn't maybe make clear. About a year ago, prior to that, you talked about willingness to maybe use what was inexpensive debt, I think, is the best way to phrase it and use that to do more acquisitions. Have we sort of gone back to the historic plan of holding more cash and avoiding debt? You never ultimately tapped the debt, but just that was part of it in there as well that I've mapped in.

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Makes sense. And just maybe on Vidyo for a minute and then the cloud business. Can you just remind us, whoever wants to take it on the rough size of what remains around that hardware business? You called it out in the MD&A that there was sort of some run-off, as you'd seen people transition obviously from using Vidyo rooms, given changes in our lives at this point. And how much more of a run-off would there be in that as you sort of transition over the next year? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. DECEMBER 17, 2021 / 1:45PM, ENGH.TO - Q4 2021 Enghouse Systems Ltd Earnings Call

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Got it. What's the rough size of the cloud business today in contact center? Just as we start to think about the transition you outlined in the trends, I know we're not yet at a point of you breaking that out into a separate line, but maybe you could give us a sense of where we are in terms of the journey?

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : You. I'm meaning specifically to you guys, just because we had a larger part on-prem.

Question: Paul Steep - Scotiabank Global Banking and Markets, Research Division - Analyst : Fair enough. One last one for me and I'll pass the line. Just -- is there an opportunity, Steve, or Vince, to do some of the same sales changes you've done in the interactive segment to asset management, recognizing obviously that they are distinct businesses and markets? But it sounds like we're sort of through the process and solidly in implementation on interactive. What's the possibility on the other side of the house?