Calian Technologies Ltd. (TSX: CTY) reported revenue rose 8.1% in its fiscal first quarter ended Dec. 31. The Ottawa-based company cited stabilized revenues in its traditional markets and the performance of recent acquisitions. First-quarter revenue rose 10.1% in Calian’s business and technology services segment, which includes staffing.

Calian, which ranks No. 15 on the list of largest Canadian staffing firms, in November announced long-time President and CEO Ray Basler will retire March 31.

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“We are very pleased with these revenue levels for two reasons,” said President and CEO Ray Basler. “Firstly, revenues from our traditional business were relatively consistent with the same quarter last year. Despite continued constraints in federal government spending, this marks the first time in a number of quarters where we did not encounter a substantial drop in year over year revenues. This is an indication that our efforts to bolster our non-government service offerings is starting to pay off. Secondly, revenues generated from acquisitions made during the last fiscal year were in line with overall expectations and now represent a substantial component of our consolidated revenue base.”

Revenue by segment

Guidance

Calian expects 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 rose 2.06% to C$19.35 in early afternoon trading today. The company had a market cap of C$142.28 million, according to Yahoo!