Dye & Durham reports $3.3-million net loss
The provider of cloud-based legal and business software says it had a net loss of $3.26 million, or five cents per share, for the quarter ending June 30, compared with net earnings of $6.3 million, or nine cents per share, for the same quarter last year.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
It says revenue of $129.7 million, up from $84.4 million a year earlier, came from recent acquisitions along with organic growth. Analysts had expected revenue of $133.8 million and net income of $7.4 million, according to financial markets data firm Refinitiv. While the company has closed several acquisitions, last week it walked away from its proposed $3.2-billion takeover of Link Group over it potentially being on the hook for restitution payments levied against Link by a U.K. regulator.
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