CAE chief executive
The
CAE says net income attributable to equity holders was
CAE attributes a strong consolidated-level performance in the second quarter to double-digit growth in the civil segment, better results in defence and renewed profitability in healthcare.
"Our financial performance for defence in this quarter improved sequentially, consistent with our expectations," said Parent.
He said the performance is a result of our heightened operational focus despite supply chain challenges, labour shortages and order delays, highlighted in the results of the first quarter, and expects these delays to persist into the coming quarter.
"We are now sustaining higher order intake and replenishing our backlog with new and more profitable defence contracts," said Parent.
The stronger civil performance was mainly due to higher training network utilization and simulator deliveries, said
The company’s backlog also grew to
CAE reaffirmed its outlook for the fiscal year after reducing the compound growth rate to mid-20 per cent last quarter.
On an adjusted basis, it earned
This report by The Canadian Press was first published
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