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View All NewsCalian’s revenue up 9% in fiscal Q4 on growth in business and technology division
Calian Group Ltd. (TSX: CGY) reported revenue rose 8.9% in its fiscal fourth quarter ended Sept. 30. Revenue growth came in the company’s business segment that includes staffing.
| (C$ thousands) | Q4 2018 | Q4 2017 | % change | Q4 2018 (USD $000s) | |
| Revenue | $78,727 | $72,321 | 8.9% | — | $60,948 |
| Gross profit | $15,287 | $14,209 | 7.6% | $11,835 | |
| Gross margin percentage | 19.4% | 19.6% | |||
| Net profit for the period | $4,271 | $4,327 | -1.3% | — | $3,306 |
The Ottawa-based firm reports revenue in two segments: “Business and technology services” and “systems engineering.”
Revenue rose 19.4% in the business and technology services segment, which includes staffing and other services. The gain offset a 14.4% decrease in Calian’s systems engineering segment, which includes engineering services.
Revenue by segment
| (C$ thousands) | Q4 2018 | Q4 2017 | % change | Q4 2018 (USD $000s) | |
| Business and technology services | $59,423 | $49,777 | 19.4% | — | $46,004 |
| Systems engineering | $19,304 | $22,544 | -14.4% | — | $14,945 |
Full fiscal-year results
| (C$ thousands) | FY 2018 | FY 2017 | % growth | FY 2018 (USD $000s) | |
| Revenue | $304,958 | $275,423 | 10.7% | — | $236,089 |
| Gross profit | $59,692 | $52,904 | 12.8% | $46,212 | |
| Gross margin percentage | 19.6% | 19.2% | |||
| Net profit for the period | $16,077 | $15,390 | 4.5% | — | $12,446 |
Calian last month reported that Kevin Ford resumed full duties as president and CEO following a temporary health setback. Ford in April suffered a cardiovascular event over the Easter weekend.
Quote
“With a contracted backlog of over C$1 billion, positive cash flows and a strong balance sheet, Calian is uniquely positioned to leverage a strong financial position for continued investment in both organic and acquisitive growth,” Ford said.
Guidance
Calian expects revenue for fiscal 2019 to be in the range of C$330 million to C$360 million.
Share price and market cap
Calian shares were up 0.42% to C$28.92 at 12:40 p.m. Eastern time; the company had a market cap of C$223.63 million, according to FT.com