May 5, 2010 / 6:12 PM / 7 years ago

UPDATE 1-Calian Technologies Q2 profit falls 40 pct

* Q2 EPS C$0.40 vs C$0.67 a yr ago

* Revenue down 11 pct to C$53.1 mln

* Keeps 2010 view

May 5 (Reuters) - Technology services provider Calian Technologies Ltd CTY.TO posted a 40 percent fall in quarterly profit, hurt by a sharp drop in revenue from its systems engineering division.

For the quarter ended March 31, net income was C$3.1 million ($3.03 million), or 40 Canadian cents per share, compared with C$5.2 million, or 67 Canadian cents per share, a year ago.

Revenue fell 11 percent to C$53.1 million. Systems engineering revenue fell 25 percent to C$15.7 million.

For 2010, the company expects earnings per share of C$1.50 to C$1.80, on revenue of C$205 million to C$225 million.

Shares of the Ottawa, Ontario-based Calian were unmoved at C$18.00 Wednesday on the Toronto Stock Exchange. ($1=1.024 CANADIAN DOLLAR) (Reporting by Abhiram Nandakumar in Bangalore; Editing by Aradhana Aravindan)

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