Strong Defense Segment Performance
The defense segment, representing close to 50% of revenues, continues to grow with a 10% increase in trailing 12-month revenues to $363 million. The international learning business in defense grew by 395%, health business by 10%, and Advanced Technologies by 19%.
Strategic Acquisition of AMS
Acquisition of AMS, a healthcare service provider in Canada, expands Calian's healthcare solutions and strengthens its competitive position in Northern Canada. AMS has a contract backlog of $250 million and offers cross-selling opportunities.
Successful Share Buyback Program
Calian plans to repurchase up to 6% of shares outstanding in FY '25 through a combination of daily purchases and block trades under the NCIB, with $14 million spent on share buybacks in the last 12 months.
Record International Revenues
42% of total revenues came from international customers in Q2, marking the highest quarter of international revenues both in terms of revenue dollars and as a percentage of overall revenues.