February 12, 2010 / 2:32 PM / 8 years ago

UPDATE 1-Computer Modelling Group Q3 profit falls 18 pct

* Q3 EPS C$0.22 vs C$0.28 last year

* Revenue up slightly at C$11.7 mln

* Perpetual software sales down 15 pct

Feb 12 (Reuters) - Canada’s Computer Modelling Group Ltd (CMG.TO) said its third-quarter earnings fell 18 percent, hurt by lower sales at its perpetual software segment.

For the quarter ended Dec. 31, the company earned C$4.0 million ($3.81 million), or 22 Canadian cents a share, compared with C$4.9 million, or 28 Canadian cents a share, a year ago.

Computer Modelling Group, a maker of reservoir simulation software, said revenue grew marginally to C$11.7 million.

    Analysts on average were expecting earnings of 19 Canadian cents a share, on revenue of C$11 million, according to Thomson Reuters I/B/E/S.

    Revenue at perpetual software segment fell nearly 15 percent to C$2.9 million.

    Shares of the Calgary, Alberta-based company closed at C$16.14 Thursday on the Toronto Stock Exchange. ($1=1.049 Canadian Dollar) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Ratul Ray Chaudhuri)

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