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DDi's First Quarter Sales Up 9% |
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Written by Philip Buonpastore
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Thursday, 24 April 2008 |
ANAHEIM, CA - DDi Corporation has released its financial results for its first quarter ending March 31, 2008. First quarter 2008 net sales of $47.4 million increased 9% year-over-year from $43.4 million, and increased 5% sequentially from the fourth quarter of 2007, with net sales of $45.2 million.
Gross margin as a percentage of net sales for Q1 2008 increased to 20.6% year-over-year from 18.4%, and improved sequentially as well, from 17.4% in the fourth quarter of 2007.
Mikel Williams, company President and CEO stated, “The first quarter reflects a strong start to 2008. We were able to grow our sales and margins while continuing to effectively manage our costs. As we move into the balance of the year, we see continued solid demand and I believe we are well positioned to continue to execute on our strategy.”
The Company reported net income of $718,000 for the first quarter of 2008, an improvement over the net loss of $1.0 million for the first quarter 2007, and a sequential improvement over the net loss of $285,000 over the fourth quarter of 2007. |
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