Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, November 21, 2008

Article Excerpt

CALIAN TECHNOLOGIES, $8.50, symbol CTY on Toronto, operates in two areas. The BTS division (Business and Technology Services) provides engineering, healthcare and other skilled professional personnel to clients on a contract basis. The SED division (Systems Engineering) offers a full range of hardware and software systems for testing, operating and managing satellite and other communications systems. In the three months ended September 30, 2008, Calian’s earnings rose 27.1%, to $2.7 million $0.33 a share from $2.1 million or $0.26 a share a year earlier. Cash flow per share rose 15.2%, to $0.38 from $0.33. Revenues rose 7%, to $48.9 million from $45.7 million. In the latest quarter, Business and Technology Services revenues rose 7.4%, to $33.7 million from $35.3 million. Systems Engineering revenues rose 6.1%, to $15.2 million from $14.3 million. Stronger demand for Calian’s products and services combined with more efficient project management boosted revenues and profits in both divisions. The company holds $27.3 million or $3.37 a share in cash and…