Calian Technologies Ltd. (TSX: CTY) reported revenue fell 5.3 percent to C$54.4 million (US$48.8 million) in its fiscal fourth quarter ended Sept. 30. The Ottawa-based firm cited continued contraction in government spending. For the full fiscal year, revenue fell 9.1 percent to $211.3 million (US$189.3 million).

Calian, which ranks No. 15 on the list of largest Canadian staffing firms, also announced President and CEO Ray Basler will retire effective March 31, 2015.

Fourth-quarter revenue rose 5.4 percent to C$40.1 million (US$35.9 million) in Calian’s business and technology services segment, which includes staffing. The company said the division saw a decrease in government demand in most of its market segment, offset by the inclusion of sales from recent acquisitions.

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“The results released today once again reflect continued contraction in government spending in both of our divisions,” said President and CEO Ray Basler. “Program delays and activity rescheduling within DND and other government departments have resulted in reduced take-up on existing contract vehicles and postponed revenue realization on new ones. Once again, the areas most affected by military spending cuts were vehicle maintenance services and training services in our [business and technology services] division.”

Revenue

Revenue by segment

Net profit for the period

Full year revenue and net profit

Guidance

Calian expect revenues for fiscal year 2015 to be in the range of C$235 million to C$265 million.

Share price and market cap

Calian shares fell 0.83 percent to C$17.90 in early afternoon trading. The company had a market cap of C$131.62 million, according to Yahoo!