Constellation Software Inc. (CSU:CA) Q2 2026 Earnings Call Transcript

Thank you. Good morning, and thank you all for joining our Q2 call. Before we get to questions, 2 things I wanted to put on the table upfront. The first is AI. It is changing 2 things for us. Our customers are asking our software to do more for them while our businesses are finding new ways to build better products faster. We are seeing both. What we are not doing is running an AI program out of head office. Our business unit managers understand their verticals far better than we do, and they are making those calls themselves at their own pace, funded out of their own P&Ls. Some of that work will pay for itself and some of it will not. And we will find out the same way we find out about everything else we fund, which is slowly. As many of our businesses have been adopting AI, we are seeing them use the tools to rapidly move through our customer-driven product road maps and augment