Canadian Technology Stocks and Startups
For years, we have been hoping for, if not predicting, a resurgence of technology in the Canadian public markets. In 2012, we had that wish fulfilled, at least in part. The technology sector was the top performer of all sectors on the Toronto Stock Exchange. The story of 2012, at least for the first half [...]
Constellation Software (TSX:CSU) yesterday announced it had acquired Montreal healthcare software maker, Groupe PCMS. Picking up assets, of course, is nothing new for Constellation, the company has acquired nearly two-dozen companies since the beginning of 2011. Cantor Fitzgerald analyst Tom Liston says Constellation’s management is among the very best allocators of capital in the technology [...]
Another acquisition for Constellation Software (TSX:CSU) today as the Toronto-based company announced it had acquired Z57, a San Diego-based company that provides online marketing tools for residential real estate agents. The pickup, which was made through Constellation division Constellation Homebuilder Systems, did not include financial details on the value of the transaction, nor on Z57′s [...]
Deloitte today released its 15th annual Technology Fast 50 list. The list counts down Canada’s fastest growing technology companies. The number of public companies on the list, which was a high as 38 of the 50 in 2005, fell to eleven last year and has remained steady there this year. Software remains the largest sector, [...]
Last Wednesday, Constellation Software (TSX:CSU) reported its Q3, 2012 financials. The company earned $21.1 million or $0.99 per share on revenue of $226 million, which was up 12% from the same period a year prior. Cantor Fitzgerald analyst Tom Liston says the quarter beat his expectations, across the board. He had anticipated a strong report [...]
A changing of the guard. The struggles of BlackBerry-maker Research in Motion are better than well-documented, they have been cataloged in an almost gleeful manner by a financial press that seems to forget that similar dark clouds once hung over current tech stalwarts such as Apple and IBM. While RIM’s revenue has fallen in what [...]
Last Thursday, Tom Liston, Director of Canadian Research for Cantor Fitzgerald, was on BNN’s “The Street” with hosts Tony Keller and Saijal Patel. While tech has struggled this year, Liston says the troubles of Research in Motion are overshadowing the successes of companies such as Constellation Software, which is up 189% in the past three [...]
At its peak, in 2000, Nortel had a market value of $350 billion. The Ottawa company represented 36% of the entire value of the Toronto Stock Exchange and employed nearly a hundred-thousand people. Today, after a more than decade long bull market in commodities, the influence of technology on the overall market in Canada seems [...]
On Wednesday, Constellation Software (TSX:CSU) reported its Q1, 2012 results. Revenue was up 10% from 2011′s topline of $178-million to $195-million. The company’s net income for the quarter was down from $62-million to just was $14-million, but last year’s results were skewed by a which included a deferred income tax recovery, which the company described [...]
The list of legendary US tech CEOs could form a veritable Mount Rushmore of innovation. While names like Steve Jobs, Bill Gates, Larry Ellison, Jeff Bezos and John Chambers would battle for space, what would Canada’s collection look like? The truth is, with the stepping down of Jim Balsillie and Mike Lazaridis as as co-CEOs [...]
