Calian Group Ltd. (TSE:CGY) has released an update.
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Calian Group Ltd. has reported a record-breaking second quarter with revenues soaring 19% to $201 million, marking the company’s highest quarterly revenue and its first time surpassing the $200 million threshold. Gross margin has also reached a new high at 34.8%, and the company’s adjusted EBITDA has seen a dramatic increase of over 50% to $25.7 million. These strong financial results have prompted Calian to raise its guidance for FY24, reflecting the company’s robust growth trajectory and successful acquisition strategy.
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