May 10, 2010 / 8:58 PM / 7 years ago

UPDATE 1-Softchoice posts Q1 profit on strong software sales

* Q1 EPS $0.23 vs loss/shr $0.14 last yr

* Revenue up 30 pct

May 10 (Reuters) - Canadian technology services provider Softchoice Corp SO.TO posted a quarterly profit driven by a 30 percent uptick in revenue, primarily in its software segment.

For the first quarter, the company earned $4.5 million, or 23 cents a share, compared with a loss of $2.4 million, or 14 cents a share, a year ago.

Adjusted earnings for the quarter was 15 cents a share.

Net revenue rose to $282.7 million, helped by better sales in Canada and the U.S, and a 56 percent rise in Microsoft revenue, due to a single large transaction that was completed within the U.S. federal government sector, the company said in a statement.

Analysts on average were expecting earnings of 4.5 cents a share, on revenue of $232 million, according to Thomson Reuters I/B/E/S.

Shares of the Toronto-based company closed at C$10.11 Monday on the Toronto Stock Exchange. (Reporting by Gowri Jayakumar in Bangalore; Editing by Jarshad Kakkrakandy)

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