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Enghouse Systems Software engineered for results Enghouse Releases Third Quarter Results NEWS Markham , Ontario - September 9 , 2021 - Enghouse Systems Limited ( TSX : ENGH ) today announced its third quarter unaudited financial results for the period ended July 31 , 2021. All the financial information is in Canadian dollars unless otherwise indicated . Financial and operational highlights for the three and nine months ended July 31 , 2021 compared to the three and nine months ended July 31 , 2020 are as follows : • Revenue achieved was $ 117.6 and $ 354.1 million , respectively , compared to revenue of $ 131.3 and $ 382.9 million ; • Results from operating activities was $ 38.5 and $ 116.1 million , respectively , compared to $ 42.2 and $ 119.3 million ; • Net income was $ 21.2 and $ 62.6 million , respectively , compared to $ 26.0 and $ 69.2 million ; • Adjusted EBITDA was $ 41.7 and $ 126.4 million , respectively , compared to $ 45.6 and $ 130.2 million while Adjusted EBITDA margins increased from 34.0 % to 35.7 % for the current year to date period ; • Cash flows from operating activities excluding changes in working capital was $ 41.1 and $ 125.4 million , respectively compared to $ 45.3 and $ 130.5 million . Revenue achieved for the quarter was $ 117.6 million , compared to revenue of $ 131.3 million in the same period in the prior year . The decrease reflects exceptional revenue in the comparative period as a result of COVID - 19 related demand . Similar to the second quarter of 2021 , the comparatively higher revenue last year was driven primarily by the previous year's significant increase in our Vidyo business that has now returned to levels that are more consistent with pre - COVID volumes . Revenue for the quarter was also negatively impacted by $ 6.2 million as a result of foreign exchange as the Canadian dollar strengthened against the U.S. dollar and Euro . During the quarter , Enghouse completed two tuck - in acquisitions , adding Nebu BV on June 3 , 2021 and Momindum SAS on July 7 , 2021. Nebu is an Amsterdam - based provider of market research and data analytics software solutions , which augments our existing market research and survey solutions . Momindum is an enterprise software provider of a secure , SaaS based platform for virtual events , recording , editing and sharing interactive video presentations . Momindum is complementary to our Vidyo offering and broadens our video collaboration solutions . Enghouse closed the quarter with $ 187.8 million in cash , cash equivalents and short - term investments , compared to $ 251.8 million at October 31 , 2020 and $ 169.6 million as of April 30 , 2021. The cash balance was achieved after making payments of $ 36.3 million for acquisitions and $ 106.9 million for dividends this year . Enghouse continues to prioritize its long - term growth strategy over quarter - to- quarter results , investing in products while ensuring continued profitability and maximizing operating cashflows . As a result , Enghouse continues to replenish its acquisition capital , while returning $ 83.2 million in special dividends to shareholders and annually increasing its eligible quarterly dividend . Quarterly dividends : Today , the Board of Directors approved the Company's eligible quarterly dividend of $ 0.16 per common share payable on November 30 , 2021 to shareholders of record at the close of business on November 16 , 2021 .