Calian Group Reports Record Q1 Revenue Amid Strategic Expansion

Calian Group Ltd. ( (TSE:CGY) ) has provided an update.

Calian Group Ltd. reported a 3% increase in first-quarter revenue to $185 million, marking its highest first-quarter revenue on record. Despite this growth, adjusted EBITDA fell by 17% to $18 million, influenced by changes in revenue mix and increased sales and delivery investments. The company also announced the formation of a new U.S. subsidiary to focus on government and defense sectors, highlighting its strategic focus on expanding its footprint in these areas amidst rising global defense demands.

More about Calian Group Ltd.

Calian Group Ltd. is a diverse company offering innovative solutions in healthcare, communications, learning, and cybersecurity. It aims to address global demands, particularly in the defense sector, with recent expansions and acquisitions in the UK, the U.S., and Canada.

YTD Price Performance: 3.41%

Average Trading Volume: 35,948

Technical Sentiment Consensus Rating: Sell

Current Market Cap: C$583.4M

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