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Calian Revenue Rises 7%

February 09, 2012

Calian Technologies Ltd. (TSX: CTY), an Ottawa, Ont.-based firm that provides staffing and other services, reported revenue rose 6.7 percent on a year-over-year basis to C$56.8 million (US$55.7 million) in its fiscal first quarter ended Dec. 31, 2011.

First-quarter revenue in Calian’s business and technology services division, which includes staffing, rose 6.1 percent to C$40.4 million (US$39.6 million) from C$38.1 million in the first quarter of the previous year.

First-quarter gross margin was unchanged at 19.2 percent.

Net earnings rose 14.4 percent in the first quarter to C$3.6 million (US$3.5 million) from C$3.1 million.

Calian Technologies Ltd. (TSX: CTY)
For the fiscal first quarter ended Dec. 31, 2011, compared with the same period in the previous year.
Revenue: C$56.8 million (US$55.7 million), +6.7 percent
Net income: C$3.6 million (US$3.5 million), +14.4 percent