* Q1 EPS $0.00 vs $0.04 last year
* Revenue up 22 pct to $21.3 mln
* Expenses rise 24 pct to $13.1 mln
For the quarter ended April 30, the company posted net income of $192,000, or breakeven a share, compared with net income of $2.2 million, or 4 cents a share, last year.
Excluding items, the company posted net income of $5.3 million.
Revenue for the quarter rose 22 percent to $21.3 million.
Analysts on average were expecting earnings of 8 cents a share, before items, on revenue of $21.3 million, according to Thomson Reuters I/B/E/S.
Expenses rose 24 percent to $13.1 million.
Shares of the company closed at C$5.97 Tuesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Anne Pallivathuckal)