I wrote an article on Constellation Software's Q3 which I decided to make public.

Some highlights:

- Altera doing better than expected
- Expenses growing in part due to higher contingent consideration expense which was higher in the Q than the three prior years combined

Contingent consideration is incurred when acquisitions do better than expected, and they have skyrocketed in Q3

![Image upload](https://cdn.commonstock.com/a9f41fe6407ac24bad632330aa798567229daa54f44f39064b3b0ac798283723-680x470.png)

Full article below!
[https://seekingalpha.com/article/4555514-constellation-softwares-q3-2022-higher-expenses-for-the-right-reasons](https://seekingalpha.com/article/4555514-constellation-softwares-q3-2022-higher-expenses-for-the-right-reasons)

One of the things I admire about Constellation is the impeccable balance sheet. Do you happen to know how effectively they have historically used debt?

Joshua Simka

Constellation Software reported a solid quarter. Revenue growth was strong, aided by the Altera acquisition, and the cash deployed was decent. Click here to read more.

https://seekingalpha.com/article/4555514-constellation-softwares-q3-2022-higher-expenses-for-the-right-reasons

Constellation Software's Q3 2022: Higher Expenses For The Right Reasons (TSX:CSU:CA)

Constellation Software's Q3

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