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Papa-Smerf
Joined: 24 Dec 2010
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Location: England
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 Posted: Thu 4:18, 27 Jan 2011 Post subject: VanceInfo Reports Record Results for the Third Qua |
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VanceInfo Technologies Inc. (NYSE:VIT) ("VanceInfo" or the "Company"), an IT service provider and one of the leading offshore software development companies in China, recently reported its unaudited financial results for the third quarter ended September 30, 2010.
Third Quarter 2010 Financial and Operating Highlights
Net revenues in the third quarter of 2010 increased to $55.9 million, up 39.0 % from $40.2 million in the third quarter of 2009;
Net income in the third quarter of 2010 was $7.7 million, up 33.9% from $5.8 million in the year-ago period. Non-GAAP net income(1) was $9.0 million, up 27.2% from $7.1 million a year ago;
Diluted earnings per share ("EPS") were $0.18 in the third quarter, up from $0.14 in the third quarter of 2009. Non-GAAP diluted EPS(1) was $0.21 in the third quarter, up from $0.17(2) in the third quarter of 2009;
Employees totaled 10,[link widoczny dla zalogowanych],602,[link widoczny dla zalogowanych], including 9,[link widoczny dla zalogowanych],512 billable professionals, as of September 30,[link widoczny dla zalogowanych], 2010.
For more information,[link widoczny dla zalogowanych], please go to
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