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 Posted: Thu 6:35, 13 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,Outsourcing Solution For Retail Goods, 2010.
Third Quarter 2010 Financial and Operating Highlights
Net revenues in the third quarter of 2010 increased to $55.9 million,custom software development, 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,Offshore outsourcing, 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,Localization Software, up from $0.17(2) in the third quarter of 2009;
Employees totaled 10,outsourcing and globalization,602, including 9,512 billable professionals, as of September 30, 2010.
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