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View All NewsCalian’s revenue up 16% in fiscal Q4, Canadian firm changes segment structure
Calian Group Ltd. (TSE: CGY), an Ottawa, Canada-based provider of staffing and other services, reported revenue rose 15.8% in its fiscal fourth quarter ended Sept. 30. Revenue growth was led by its advanced technologies business segment.
| (C$ thousands) | Q4 2019 | Q4 2018 | % change | Q4 2019 (USD $000s) | |
| Revenue | $90,914 | $78,535 | 15.8% | — | $68,630 |
| Gross profit | $20,343 | $16,454 | 23.6% | $15,357 | |
| Gross margin percentage | 22.4% | 21.0% | |||
| Net profit for the period | $8,476 | $4,336 | 95.5% | — | $6,398 |
Calian also announced a change in its operating segments, stating that the restructuring better reflects its core businesses and aligns with its broader business strategy. The company replaced a two-divisional structure — “business and technology services” and “systems engineering” — with four operating segments: Advanced technologies, health, learning and information technology.
Staffing and other services was previously included in Calian’s business and technology services, or BTS, division.
The new advanced technologies segment is comprised of the systems engineering division, the engineering and technical services team of the BTS division, and the recent acquisitions of IntraGrain Technologies and SatService. The remainder of BTS has been split into the health, learning and information technology segments.
Revenue by segment
| (C$ thousands) | Q4 2019 | Q4 2018 | % change | Q4 2019 (USD $000s) | |
| Advanced technologies | $31,437 | $24,098 | 30.5% | — | $23,731 |
| Health | $31,286 | $26,777 | 16.8% | — | $23,617 |
| Learning | $13,983 | $13,988 | 0.0% | — | $10,556 |
| Information technology | $14,208 | $13,672 | 3.9% | — | $10,725 |
Full fiscal-year results
| (C$ thousands) | FY 2019 | FY 2018 | % growth | FY 2019 (USD $000s) | |
| Revenue | $343,044 | $305,068 | 12.4% | — | $258,960 |
| Gross profit | $74,657 | $64,074 | 16.5% | $56,358 | |
| Gross margin percentage | 21.8% | 21.0% | |||
| Net profit for the period | $19,992 | $16,291 | 22.7% | — | $15,092 |
Guidance
Calian expects revenue for fiscal 2020 to be in the range of C$365 million to C$395 million.
Share price and market cap
Calian shares were up 3.79% to C$39.18 at 11:44 a.m. Eastern time; the company had a market cap of C$299.33 million, according to FT.com.