enghouse systems ltds shares fell sharply friday after the enterprise software providers fiscal firstquarter financial results came in below market expectations in morning trading the shares were 22 lower at c3397 for a yeartodate drop of 56 enghouse reported after the market close thursday that its net income fell to 170 million canadian dollars 123 million for the three months to jan 31 from c216 million a year earlier thanks largely to a reduction in software licenses alongside lower gross margins from professional services relating to the companys large public transportation projects analysts polled by factset had expected income of c204 million revenue for the quarter slipped to c1064 million from c1111 million in the same period last year missing the c1096 million mean estimate of analysts enghouse said its board approved a 19 increase in the quarterly dividend to c022 a share payable may 31 to shareholders of record at the close of business may 17 it marks the 15th consecutive year in which the company increased its dividend by more than 10 enghouse said