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CMG COMPUTER MODELLING GROUP LTD . 3710 33rd Street NW Calgary , AB , T2L 2M1 ▪ Canada Tel : +1.403.531.1300 ▪ Fax : +1.403.289.8502 cmgl@cmgl.ca www.cmgl.ca COMPUTER MODELLING GROUP ANNOUNCES FIRST QUARTER RESULTS CALGARY , Alberta , August 11 , 2021 ( GlobeNewswire ) - Computer Modelling Group Ltd. ( " CMG " or the " Company " ) announces its financial results for the three months ended June 30 , 2021 . Quarterly Performance Fiscal ( $ thousands , unless otherwise stated ) Q2 Fiscal 2020 Q3 Q4 Q1 Q2 Fiscal 2021 Q3 2022 Q4 Q1 Annuity / maintenance licenses 16,373 Perpetual licenses Software licenses Total revenue Professional services 19,873 19,275 16,612 1,146 964 17,519 17,576 16,636 2,354 1,699 1,879 2,149 18,515 16,672 15,233 1,403 14,523 14,144 1,775 13,477 660 14,523 15,919 14,137 1,933 17,852 16,801 Operating profit 9,343 7,538 7,802 5,711 9,861 13,790 1,184 14,974 1,901 1,827 2,003 16,038 8,437 12,286 125 12,411 14,414 6,556 5,573 Operating profit ( % ) 47 39 42 34 55 53 39 39 Profit before income and other taxes 9,350 7,054 9,613 4,405 9,360 7,410 5,747 4,827 Income and other taxes 2,482 1,942 2,550 1,143 2,600 1,535 1,454 1,094 Net income for the period 6,868 5,112 7,063 3,262 6,760 5,875 4,293 3,733 EBITDA ( 1 ) 10,426 8,644 8,923 6,767 10,933 9,509 7,627 6,596 Cash dividends declared and paid Funds flow from operations Free cash flow ( 1 ) 8,026 8,025 8,024 4,013 7,787 7,366 7,515 4,703 7,274 6,726 6,840 4,239 4,013 4,015 4,014 4,015 7,991 7,322 6,267 7,474 7,005 4,811 5,755 4,478 Per share amounts - ( $ / share ) Earnings per share ( EPS ) - basic and diluted 0.09 0.06 0.09 0.04 0.08 0.07 0.05 0.05 Cash dividends declared and paid 0.10 0.10 0.10 0.05 0.05 0.05 0.05 0.05 Funds flow from operations per share - basic 0.10 0.09 0.09 0.06 0.10 0.09 0.08 0.06 Free cash flow per share - basic ( 1 ) 0.09 0.08 0.09 0.05 0.09 0.09 0.07 0.06 ( 1 ) Non - IFRS financial measures are defined in the " Non - IFRS Financial Measures " section .