Toronto’s Constellation Software Shoots for the Stars as Profits, Stock Surge

Constellation Software, headquartered in Toronto and led by president and chairman Mark Leonard, has grown significantly since its founding in 1995. A provider of software and services to select industries in the public and private sector markets, Constellation made $773 million last year in revenue, an increase of 22%.

The company hit $99.99 per share on the TSX last Wednesday. It currently sits at just over $90 per share, still much higher than their 52-week low of $53.26.

And Reuters reported last Wednesday that the company posted a 72% rise in quarterly profit. This has caused the stock to surge 60% in the last three months. 

The 20,000-customer company, operating in 30 countries, has 2,200 employees. The company acquires, manages, and builds vertical market software businesses that provide mission-critical software solutions to address the specific needs of its customers in those industries. 

Just recently, the skyrocketing company acquired Albany-based Capital Computer Associates, which focuses on administrative solutions for K-12 school districts. And the Ottawa Citizen’s Bert Hill even included the company in his recent article of companies that have strong prospects in an uncertain market which featured the likes of Waterloo-based Open Text.

What’s in the stars for Constellation?