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Calian Revenue Up, Sells U.S. Division

August 08 2012

Calian Technologies Ltd. (TSX: CTY), an Ottawa-based firm, reported second-quarter revenue rose 1.4 percent to C$59.3 million (US$57.9 million) in its fiscal third quarter ended June 30. Gross margin improved to 19.1 percent from 18.3 percent in the year-ago period. The Ottawa-based staffing and solutions provider also reported it was selling its U.S. division.

“The restrictive nature of foreign ownership of U.S. entities that perform services for the U.S. military, impacted management’s pursuit of growth for this division,” according to the company. Its U.S. division had revenue of C$2.3 million in the last nine months.

Third-quarter revenue in Calian’s business and technology services segment rose 5.1 percent year over year to C$42.4 million (US$41.4 million) in its business and technology services segment at the company. The segment provides technical and professional staffing and other services.

Revenue in the BTS segments includes revenue from the acquisition of Primacy Management Inc., a provider of management services to medical clinics. Calian acquired the firm on March 1.

Calian’s other division, the systems engineering division, includes non-staffing operations.

Calian posted third-quarter net income of C$3.5 million (US$3.4 million), up 1.0 percent from the year-ago period.

Calian ranks as Canada’s 10th-largest staffing firm, according to Staffing Industry Analysts.

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