ANAHEIM, CA -- DDi today reported first-quarter net income rose year-over-year to $5 million on demand in the computer and instrumentation/medical segments.

For the period ended March 31, the printed circuit board maker's net sales rose 2.8% over last year to $66.5 million. Sales were up 1% sequentially. Bookings increased 18% sequentially to a record $72 million, good for a 1.09 book-to-bill ratio.

Gross margins declined 33 basis points from the prior year and 85 basis points sequentially to to 21.3% of net sales. Operating income was $5.4 million, up $500,000.

President and chief executive Mikel Williams said, “Net sales growth trailed order growth due to a slow start in shipments during the quarter stemming from lower fourth quarter bookings. Macro-economic conditions improved slightly in the first quarter.”

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