Q1 2022 Calian Group Ltd Earnings Call Transcript
Good day, ladies and gentlemen, and welcome to Calian's First Quarter 2022 Conference Call. (Operator Instructions) It is now my pleasure to turn the floor over to your host, Kevin Ford, CEO. Sir, the floor is yours.
Thank you, Kate, and good morning, everyone. As mentioned, I'm Kevin Ford, Chief Executive Officer of Calian. With me this morning is Patrick Houston, our Chief Financial Officer, and we'd like to welcome you to Calian's First Quarter 2022 Conference Call.
Please note that certain information discussed today is forward-looking and subject to important risks and uncertainties. The results predicted in these statements may be materially different from actual results. The first quarter saw revenue of $129 million, an 11% increase compared to the same period last year. Adjusted EBITDA and adjusted net profit both grew year-over-year at 34% and 41%, respectively. Our gross margins came in at 26%, a sign of our continued progress of innovation and diversification. We have continued to
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