Enghouse Systems (ENGH) fell 8% on its Q3, which missed on both top and bottom line - with revenue growth in all segments deteriorating…

... alongside margins, which compressed on sales mix and integration costs.

With uncertainty around the timing of its M&A pipeline, these two negatives could persist for the quarters to come.

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As noted last quarter, we continue to see substantial acquisition opportunities, which will provide a return on our investment, but uncertainty continues to lay in completion of our backlog of these opportunities.

Stephen Sadler (CEO) - Q3’25 call

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