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Calian Q4 Revenue Up 5%

November 09 2011

Calian Technologies Ltd. (TSX: CTY) today reported revenue rose 4.8 percent to C$55.4 million (US$55.7 million) in its fiscal fourth quarter ended Sept. 30 from C$52.9 million in the fourth quarter of the previous year.

Based in Ottawa, Calian provides information technology, engineering and healthcare staffing and solutions. Fourth-quarter revenue in its business and technology services division, which includes staffing and services, rose 3.6 percent year over year to C$38.6 million (US$37.4 million).

Fourth-quarter gross margin rose to 19.8 percent from 19.6 percent in the year-ago quarter. Net earnings rose 5.3 percent to C$1.5 million (U$1.4 million).

Full-year revenue at Calian rose 5.1 percent to C$226.7 million (US$219.4 million). Full-year gross margin narrowed to 18.9 percent from 19.8 percent.

Net earnings for the full year fell 11.2 percent to C$5.1 million (US$4.9 million).

Calian Technologies Ltd. (TSX: CTY)
For the fiscal fourth quarter ended Sept. 30, 2011, compared with the same period in the previous fiscal year.
Revenue: C$55.4 million (US$53.7 million), +4.8 percent
Net earnings: C$1.5 million (US$1.4 million), +5.3 percent

For the fiscal year ended Sept. 30, 2011, compared with the previous fiscal year.
Revenue: C$226.7 million (US$219.4 million), +5.1 percent
Net earnings: C$5.1 million (US$4.9 million), -11.2 percent

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