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Constellation Software Inc. Announces Results for the Fourth Quarter and Year Ended December 31 , 2020 and Declares Quarterly Dividend TORONTO , ONTARIO ( February 12 , 2021 ) -- Constellation Software Inc. ( TSX : CSU ) ( " Constellation " or the " Company " ) today announced its financial results for the fourth quarter and year ended December 31 , 2020 and declared a $ 1.00 per share dividend payable on April 9 , 2021 to all common shareholders of record at close of business on March 16 , 2021. This dividend has been designated as an eligible dividend for the purposes of the Income Tax Act ( Canada ) . Please note that all dollar amounts referred to in this press release are in U.S. Dollars unless otherwise stated . The following press release should be read in conjunction with the Company's annual Consolidated Financial Statements , prepared in accordance with International Financial Reporting Standards ( " IFRS " ) and our annual Management's Discussion and Analysis for the year ended December 31 , 2020 , which can be found on SEDAR at www.sedar.com and on the Company's website www.csisoftware.com . Additional information about the Company is also available on SEDAR at www.sedar.com . Our board continues to applaud the efforts of our employees during the disruption caused by COVID - 19 . We'd like to thank those who have gone beyond the call of duty in supporting their colleagues and our customers . Q4 2020 Headlines : Revenue grew 14 % ( 1 % organic growth , negative 1 % after adjusting for changes in foreign exchange rates ) to $ 1,091 million compared to $ 956 million in Q4 2019 . Net income increased 62 % to $ 149 million ( $ 7.02 on a diluted per share basis ) from $ 92 million ( $ 4.34 on a diluted per share basis ) in Q4 2019 . A number of acquisitions were completed for aggregate cash consideration of $ 179 million ( which includes acquired cash ) . Deferred payments associated with these acquisitions have an estimated value of $ 60 million resulting in total consideration of $ 239 million . Cash flows from operations ( " CFO " ) was $ 355 million , an increase of 39 % , or $ 100 million , compared to $ 255 million for the comparable period in 2019 . Free cash flow available to shareholders ( “ FCFA2S ” ) increased $ 113 million to $ 307 million compared to $ 193 million for the same period in 2019 representing an increase of 59 % . The Company determined that certain of its subsidiaries qualified for an estimated aggregate amount of $ 11 million of grants from various government authorities , and recognized such amounts as a reduction to expenses in the quarter . ● ● ● ● ● ● ● 2020 Headlines : Revenue grew 14 % ( negative 3 % organic growth , negative 3 % after adjusting for changes in foreign exchange rates ) to $ 3,969 million compared to $ 3,490 million in 2019 . ● ● On January 5 , 2021 , the Company completed its purchase of 100 % of the shares of Topicus.com B.V. ( " Topicus B.V. " ) , a Netherlands - based diversified vertical market software provider and in connection with the closing of the acquisition , the TSS operating group has been spun out of Constellation and now operates , together with Topicus , as a separate public company . ● Net income increased 31 % to $ 436 million ( $ 20.59 on a diluted per share basis ) from $ 333 million ( $ 15.73 on a diluted per share basis ) in 2019 . A number of acquisitions were completed for aggregate cash consideration of $ 477 million ( which includes acquired cash ) . Deferred payments associated with these acquisitions have an estimated value of $ 151 million resulting in total consideration of $ 628 million . Cash flows from operations ( " CFO " ) was $ 1,186 million , an increase of 55 % , or $ 419 million , compared to $ 767 million for the comparable period in 2019 . Free cash flow available to shareholders ( " FCFA2S " ) increased $ 399 million to $ 989 million compared to $ 590 million for the same period in 2019 representing an increase of 68 % .