November 10, 2010 / 5:47 PM / 7 years ago

UPDATE 1-Calian Technologies Q4 profit down

* Q4 EPS C$0.42 vs C$0.44, a year ago

* Q4 rev down 3 pct to C$52.9 mln

* Sees ‘11 EPS C$1.50-C$1.80

* Sees ‘11 rev C$215-C$235 mln

Nov 10 (Reuters) - Technology services provider Calian Technologies Ltd CTY.TO reported a fall in fourth-quarter profit, hurt by lower demand for its services.

For 2011, the company said it sees earnings of $1.50-$1.80 per share, on revenue of $215-$235 million. For the year, the company posted earnings of C$1.75 per share, on revenue of C$215.7 million.

For the July-September fourth quarter, the company earned C$3.2 million, or 42 Canadian cents a share, down from C$3.5 million, or 44 Canadian cents a share, a year ago.

Revenue for the quarter fell 3 percent to C$52.9 million. Revenue at its Systems Engineering segment fell by a percent to C$15.65 million, while revenue at its business and technology services segment fell 3 percent to C$37.3 million.

One analyst had expected the company to earn 43 Canadian cents a share, according to Thomson Reuters I/B/E/S.

Gross margin for the quarter was 19.6 percent, down from 20.3 percent, a year ago.

The Ottawa, Ontario-based company’s shares, which have gained about 6.4 percent in the past three months, were trading down about 2.5 percent at C$18.52 Wednesday on the Toronto Stock Exchange, (Reporting by Arnika Thakur in Bangalore; Editing by Vyas Mohan)

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