May 6, 2009 / 5:56 PM / in 9 years

UPDATE 1-Calian posts higher Q2 profit, backs FY09 outlook

* Q2 EPS C$0.67 vs C$0.28 yr-ago

* Revenue up 26 pct to C$60 mln

* Raises quarterly dividend to C$0.17

* Backs FY09 outlook

May 6 (Reuters) - Canada’s Calian Technologies Ltd CTY.TO posted a more than two-fold jump in quarterly profit, helped by higher revenue from its divisions, and increased its quarterly dividend by about 13 percent.

The technology services provider, which stood by its 2009 outlook, reported second-quarter net earnings of C$5.2 million ($4.43 million), or 67 Canadian cents a share, compared with C$2.3 million, or 28 Canadian cents a share, a year ago.

Revenue grew 26 percent to C$60 million for the three months ended March 31.

Analysts on average expected earnings of 34 Canadian cents, before items, according to Reuters Estimates.

For the year, the company still expects to earn C$1.80 to C$2.10 a share, on revenue of C$210 million to C$225 million.

Calian also increased its quarterly dividend to 17 Canadian cents a share, from 15 Canadian cents a share.

Calian shares, which have gained about 15 percent in the past month, were up 59 Canadian cents at C$16.80 in noon trade on the Toronto Stock Exchange. ($1=1.175 Canadian Dollar) (Reporting by Krishna Chaithanya in Bangalore; Editing by Himani Sarkar)

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