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Calian Technologies revenue falls 11%

May 06 2010

Calian Technologies Ltd. (TSX: CTY) reported revenue fell 11.3% on a year-over-year basis to C$53.1 million (US$52.1 million) in its fiscal second-quarter ended March 31.

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$37.4 million (US$36.7 million). That was down 3.9% from the same period in the previous year.

Second-quarter gross margin narrowed to 19.0% from 23.0% in the year-ago quarter. Gross margin in the business and technology services division alone narrowed to 16.2% from 17.0%.

Calian reported net earnings of C$3.1 million (US$3.0 million), down 40.7% from C$5.2 million.

Calian Technologies Ltd. (TSX: CTY)
For the fiscal second quarter ended March 31, 2010, compared with the same period in the previous year.
Revenue: C$53.1 million (US$52.1 million), -11.3%
Net earnings: C$3.1 million (US$3.0 million), -40.7%

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