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Written by Margo Lakin
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Wednesday, 08 October 2008 |
ANAHEIM, CA–DDi Corporation has announced its preliminary financial results for the third quarter. Net revenue was reported at nearly $49.3 million, a 14% increase over 2007 figures. Booked orders were $51.1 million, the best quarterly PCB bookings performance since 2003, according to DDi.
The gross margin was reported in the range of 20.5% to 21%, marking an improvement over 17.9% when compared to last year’s figures. Net income was estimated in the range of $1.2 million to $1.8 million.
DDi believes the results illustrate a “solid execution” of its operating plan and “a sound business strategy.” During the third quarter, the company repurchased 1.6 million shares, leaving 19.8 million shares outstanding. |
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