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Calian Revenue Increases 12%

May 11 2011

Calian Technologies Ltd. (TSX: CTY) reported revenue fell 11.8 percent on a year-over-year basis in its fiscal second quarter ended March 31. Revenue was C$59.4 million (US$61.1 million), compared with C$53.1 million a year ago.

Calian, based in Ottawa, provides information technology, healthcare and technical staffing and solutions.

Its business and technology services division — which includes staffing and project-based outsourcing — posted second-quarter revenue of C$43.9 million (US$45.2 million). That was up 17.4 percent from year-ago revenue of C$37.4.

Calian’s second-quarter gross margin narrowed to 17.9 percent from 19.0 percent in the year-ago quarter. Gross margin in the business and technology services division edged down 10 basis points to 16.1 percent from 16.2 percent a year ago.

Calian reported net earnings of C$3.3 million (US$3.3 million), up 5.6 percent from C$3.1 million last year.

Calian Technologies Ltd. (TSX: CTY)
For the fiscal second quarter ended March 31, 2011, compared with the same period in the previous year.
Revenue: C$59.4 million (US$61.1 million), +11.8 percent
Net earnings: C$3.3 million (US$3.3 million), +5.6 percent

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