CORRECTED - CORRECTED-UPDATE 2-Bridgewater Q3 profit tops estimates, raises

(Corrects percentage figure in paragraph 5 to 10 percent, from 30 percent)

* Q3 EPS C$0.07 vs est C$0.05/shr

* Q3 revenue up 53 pct to C$15.8 mln

* Raises 2009 view on higher revenue expectations

* Says wins contract with Tier-1 GSM operator (Recasts; Adds conference call details, analyst comment, updates share movement)

By Ashutosh Joshi

BANGALORE, Nov 5 (Reuters) - Bridgewater Systems Corp (BWC.TO), which helps telecom operators manage mobile data traffic, posted a third-quarter profit above analysts' estimates, and raised its 2009 view, aided by a multi-year contract with a Tier-1 GSM customer it won in the quarter.

On a conference call, the company said it was looking to win more Tier-1 customers in different geographies.

It also said the new contract would recognize some revenue in the current quarter, with most of it coming in 2010.