August 5, 2009 / 6:03 PM / 9 years ago

UPDATE 1-Calian Technologies Q3 profit up, raises 2009 outlook

* Q3 EPS C$0.58 vs C$0.40 year ago

* Q3 revenue C$57.8 mln vs C$51 mln year ago

* Sees FY 2009 EPS C$2.00 to C$2.20

* Sees FY 2009 revenue C$215 mln to C$230 mln

Aug 5 (Reuters) - Canada’s Calian Technologies Ltd CTY.TO posted a 35 percent rise in quarterly profit, helped by higher revenue from its divisions, and it raised its forecast for the full year.

“While we believe that market potential remains strong, we do anticipate some softness in certain sectors for the near term and therefore management expects to return to more traditional levels of revenues and earnings leading into 2010,” the company said.

For the third quarter ended June 30, the company reported earnings of C$4.5 million, or 58 Canadian cents a share, compared with C$3.3 million, or 40 Canadian cents, a year ago.

Revenue rose 14 percent to C$57.8 million.

Revenue at its systems engineering division rose 19 percent, while that at its business and technology services division rose 11 percent.

Calian now expects earnings of C$2.00 to C$2.20 per share on consolidated revenue of C$215 million to C$230 million for the year.

It had previously forecast earnings of C$1.80 to C$2.10 a share on revenue of C$210 million to C$225 million.

Shares of the Ottawa, Ontario-based company were down 45 Canadian cents at C$17.50 Wednesday afternoon on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Deepak Kannan)

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