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Computer Modelling Group Ltd. reported its financial results for the three and six months ended September 30, 2022. Total revenue increased by 13% year-over-year, driven by a 12% rise in annuity/maintenance license revenue and 33% in professional services revenue. Operating profit margin adjusted for restructuring expenses rose to 44%. Basic EPS remained at $0.05. However, operating expenses surged 19%, largely due to restructuring costs of $2.3 million. CMG maintained a strong financial position with $56.9 million in cash and no debt.
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