ANAHEIM, CA – DDi Corp. reported second-quarter net sales fell 27% from last year and 5% sequentially to $37.2 million. Year to date, net sales are down 22% to $76.5 million, compared to $98.5 million in 2008. 
 
For the quarter ended June 30, net income dropped to $434,000, compared to $1.5 million last year and $513,000 last quarter. Year to date, net income is $947,000, compared to $2.2 million last year. 
 
Adjusted EBITDA was $3.6 million, or 9.6% of net sales, for the quarter, compared to $7.4 million, or 14.4% of net sales, year-over-year. Sequentially, adjusted EBITDA remained flat. For the fiscal first half, a drop in top line sales resulted in $13.4 million, or 13.6% of net sales.
 
Gross margin slipped to 18% of net sales for the quarter, compared to 20.3% year-over-year and 18.5% sequentially. Year to date, gross margin dropped to 18.2% of net sales, compared to 20.4% in 2008. 

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