I wrote an article on Topicus' Q3 earnings.

Some investors were disappointed with the low organic growth, especially when compared to Constellation Software's, but one must take into account the economic environment when making comparisons.

Hope you enjoy it.

[https://seekingalpha.com/article/4557364-topicus-q3-earnings-digest-context-is-important](https://seekingalpha.com/article/4557364-topicus-q3-earnings-digest-context-is-important)

Great article! Loved the deeper look into the maintenance revenues and the impact of the European struggles, good context. As for expenses, as the add more businesses its natural to expect employee costs to rise. Do you think the acquisitions impacts have a lagging effect? In other words does it take a bit longer for the impacts to come online relative to the quarterly/annual releases. Maybe it's a dumb question??

Dave Ahern

Topicus.com recently reported Q3 earnings. They were very good at first sight but require an in-depth analysis. Click here to read our analysis of TOITF stock.

https://seekingalpha.com/article/4557364-topicus-q3-earnings-digest-context-is-important

Topicus.com's Q3 Earnings Digest: Context Is Important (OTCMKTS:TOITF)

Topicus Q3 Earnings

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