05:22 PM EDT, 09/05/2024 (MT Newswires) -- Enghouse Systems ( EGHSF ) on Thursday said its fiscal third-quarter profit rose 17% on higher revenue.

The software company said it earned $20.58 million, or $0.37 per share, in the quarter ended July 31, up from $15.57 million, or $0.32, in the year-prior period.

Revenue rose 18% to $130.5 million from $111 million from the previous year.

Adjusted EBITDA increased to $37.7 million compared to $33.4 million, growing by 12.9%, while achieving a 28.9% margin.

The company completed the acquisition of SeaChange in the quarter, expanding their IPTV market presence, a growing sector for Enghouse ( EGHSF ). "We have effectively integrated SeaChange into our Asset Management Group, achieving profitability in its first quarter, post-acquisition, although not yet at our standard levels," according to a statement.

Enghouse ( EGHSF ) shares closed up $0.05 to $29.00 on the Toronto Stock Exchange.