These two prosper behind the scenes

Article Excerpt

CALIAN GROUP $35.00 (Toronto symbol CGY; TSINetwork Rating: Speculative) (613-599-8600; www.calian.com; Shares outstanding: 7.9 million; Market cap: $276.9 million; Dividend yield: 3.2%) has two main businesses: Business and Technology Services (contributing 70% of the company’s revenue) provides engineers, health-care workers and other skilled professionals on a contract basis; and Systems Engineering (30% of revenue) sells hardware and software for testing, operating and managing satellite and other communications systems. In its fiscal 2019 third quarter, ended June 30, 2019, Calian’s revenue jumped 21.7%, to $88.8 million from $73.0 million a year earlier. The gain was mostly due to recent acquisitions. The company earned $4.3 million, or $0.54 a share. That’s up 10.3% from $3.9 million, or $0.50, a year earlier. Earnings rose less than revenues mostly due to higher costs because of the newly acquired operations. Calian’s Business and Technology division continues to service repeat orders from several Canadian federal departments. They include the Department of National Defence and the RCMP. Overall, revenue for…

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