Constellation Software Stock Climbs as Broader Canadian Market Loses Ground
Constellation Software shares surged 9.5% to C$2,860.21 in Toronto trading Tuesday after reopening from the Victoria Day holiday. The company reported Q1 revenue of $3.18 billion, up 20% from last year, and net income of $367 million. The S&P/TSX composite slipped 0.1% as inflation rose to 2.8% in April. Constellation completed $697 million in acquisitions during the quarter.