November 23, 2010 / 12:35 PM / in 7 years

UPDATE 1-MKS Q2 profit rises; hikes quarterly dividend

* Q2 EPS $0.23 vs $0.16 last year

* Q2 rev up 18 percent

* Raises dividend by 14 percent

Nov 23 (Reuters) - Canadian software and services provider MKS Inc MKX.TO reported higher second-quarter profit, helped primarily by strength in its licensing segment, and raised its quarterly dividend 14 percent.

Net income for the August-October quarter was $2.4 million, or 23 cents a share, compared with $1.6 million, or 16 cents a share, last year.

Total revenue at the company, whose customers include Lockheed Martin Corp (LMT.N), Canon (7751.T) and HSBC Holdings Plc (HSBA.L), rose 18 percent to $17.4 million.

License revenue rose almost 44 percent to $5.6 million.

MKS raised its dividend to 20 cents from 17.5 cents in the prior quarter, payable on Jan. 14 to shareholders of record on Dec. 31.

The Waterloo, Ontario-based company’s shares, which have gained more than a fifth in value this year, closed at C$12.2 on Monday on the Toronto Stock Exchange. (Reporting by Aftab Ahmed in Bangalore; Editing by Don Sebastian) (aftab.ahmed@thomsonreuters.com; within U.S. +1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: aftab.ahmed.reuters.com@reuters.net))

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