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CALIAN TECHNOLOGY Ltd. TO HOLD CONFERENCE CALL FOLLOWING ANNOUNCEMENT OF FIRST QUARTER RESULTS
Quarterly Earnings of $0.13 Per Share - Up 225% From Last Year
Kanata, Ontario, Thursday January 23, 2003:- Calian Technology Ltd. (TSX: CTY) will hold a telephone conference call at 4:00 p.m. eastern standard time on Wednesday, January 29, 2003 to discuss the first quarter 2003 results for the period ended December 31, 2002, which will be released during business hours January 29, 2003. Hosting the call will be Larry O'Brien, Chief Executive Officer; Ray Basler, President and Chief Operating Officer and Jacqueline Gauthier, Chief Financial Officer.
The following table provides the summary results for the first quarter 2003.
(dollars in millions except per share data) Three months ended
December 31
(Unaudited)
2002 2001
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Revenues $34.8 $30.3
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Gross profit 5.9 5.0
Operating costs 4.2 4.3
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Earnings before interest, taxes and
amortization of goodwill 1.7 0.7
Interest income, net 0.1 0.1
Income taxes 0.7 0.3
Amortization of goodwill 0.0 0.1
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NET EARNINGS $1.1 0.4
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Net earnings per share basic and diluted $0.13 $0.04
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Backlog $124.0 $116.0
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Cash Balance $12.3 $8.7
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Interested participants from the financial & media community should call 1-888-334-9269 at approximately 3:55 p.m. Following the presentation, interested parties will be invited to participate in a question and answer session. The conference call will be available for a period of 48 hours for playback and is accessible by dialing 1-888-509-0082 or 416-695-9731 in the Toronto area.
About Calian:
Calian Technology Ltd. (TSX:CTY) provides systems engineering and staffing and outsourcing services to industry and government in Canada, the United States and around the world. Calian provides customers with ready access to an exceptional team of over 2,300 engineers, telecommunications and technology professionals, and other highly qualified staff. The Staffing and Outsourcing Services Division augments customer workforces with flexible short and long-term placements, recruitment and outsourcing of engineering and other skilled professionals. The Systems Engineering Division plans, designs and implements solutions for many of the world's space agencies and leading communications satellite manufacturers and operators.
For further information, please contact:
Larry O'Brien
Chairman & CEO
Telephone: (613) 599-8600 ext. 271
Jacqueline Gauthier
Chief Financial Officer
Telephone: (613) 599-8600 ext. 277
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