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View All NewsCalian revenue up 19%
Calian Technologies Ltd. (TSX: CTY) reported revenue rose 19.3% in its fiscal second quarter ended March 31. The Ottawa-based company cited stabilized revenues in its traditional markets and the performance of recent acquisitions.
Second-quarter revenue rose 13.6% in Calian’s business and technology services segment, which includes staffing.
Kevin Ford, who led the company’s business and technology services segment, replaced retiring Ray Balser as president and CEO at the end of the quarter. Calian ranks No. 15 on the list of largest Canadian staffing firms.
| (C$ thousands) | Q2 2015 | Q2 2014 | % growth | Q2 2015 (USD $000s) | |
| Revenue | $61,042 | $51,186 | 19.3% | — | $48,276 |
| Gross profit | $10,227 | $9,169 | 11.5% | $8,088 | |
| Gross margin percentage | 16.8% | 17.9% | |||
| Net profit for the period | $2,208 | $2,364 | -6.6% | — | $1,746 |
Quote
“We are very pleased to see the momentum achieved in our first quarter continuing into our second quarter results. Consistent with our first quarter, revenues from our traditional business are stabilizing and revenues generated from acquisitions continue to be in line with expectations,” said President and CEO Kevin Ford. “I am also pleased that there are tangible results across our customer retention, customer diversification and service line evolution growth pillars.”
Revenue by segment
| (C$ thousands) | Q2 2015 | Q2 2014 | % growth | Q2 2015 (USD $000s) | |
| Business and technology services | $44,075 | $38,806 | 13.6% | — | $34,857 |
| Systems engineering | $16,967 | $12,380 | 37.1% | — | $13,419 |
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 0.81% to C$18.65 in early afternoon trading today. The company had a market cap of C$137.51 million, according to Google.