February 11, 2009 / 1:06 PM / 9 years ago

UPDATE 1-Softchoice posts Q4 loss on charge

* Q4 loss $1.25/shr vs EPS $0.30 last year

* Result hurt by goodwill impairment charge

* Revenue rises 26 pct to $335 mln

Feb 11 (Reuters) - Canada’s technology services provider Softchoice Corp SO.TO reported a loss for the fourth quarter, hurt by a goodwill impairment charge of $43.6 million.

The company reported a net loss of $21.9 million for the quarter. Excluding the charge, earnings fell 9 percent to $4.8 million.

Softchoice, which provides software and hardware technology resources including IT asset management services, recently entered into new increased credit agreements with Bank of America and HSBC Capital (Canada) Inc for up to C$140 million in debt financing.

Softchoice shares, which have shed 79 percent over the past six months, closed at C$2.49 Tuesday on the Toronto Stock Exchange. (Reporting by R. Manikandan in Bangalore; Editing by Deepak Kannan)

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