The Globe and Mail reports in its Monday, May 11, edition that Constellation Software, down 50 per cent from its 2025 peak due to artificial intelligence disruption concerns, showed stable organic growth in the last quarter. The Globe's guest columnist Amber Kanwar writes that management is aware of the abnormal environment. Investors will seek clarity on whether this growth can continue when the company reports Tuesday after the close. Mark Leonard, the company's founder, has stepped down for health reasons and will not seek re-election. During the last conference call, new chief executive officer Mark Miller indicated that Mr. Leonard remains an active adviser, which investors will likely want to confirm. Mawer Investment Management manager Paul Moroz says, "One of the most underappreciated things about Constellation Software is the culture that Mark Leonard put into place." Mawer Investment manages more than $65-billion in assets. Mr. Moroz recently bought the stock and has been following the company since it went public. "A lot of people talk about M&A and return on capital with Constellation, but that culture is very much intact across the organization." Mr. Moroz believes the valuation is now compelling.