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Marc Parent: Civil, Healthcare Segments Help Drive CAE Revenue Up 10% for 2Q 2015

CAECAE has announced financial results for the second quarter of the company’s 2015 fiscal year ended Sept. 30, 2014.

Based on U.S. currency figures, revenue for the Montreal-based aerospace and defense technology company rose 10.7 percent from the prior year quarter to $468.4 million and profit increased 12.1 percent to $38 million for the quarter.

Revenue for the company’s civil and simulation training segment went up 10 percent to 261.8 million, defense revenue increased 9.2 percent to $184.9 million and healthcare revenue rose $36 percent. to $21.5 million.

“Performance for the second quarter was in line with our outlook for growth in civil and healthcare, and for resiliency in defense, ” said Marc Parent, CAE’s president and CEO.

“In civil, we made important progress with our solutions strategy… in defense, we received contract extensions and technology upgrades from our existing installed base and long-term services programs… in healthcare, we made good progress and continue to be encouraged by our prospects in this growing market.”

The company’s backlog for the quarter sits at $4.26 billion, a 2.06-percent increase from the prior year period.

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