DDi Corp. (DDIC)

[BSWB]

DDi Corp. Announces First Quarter 2011 Results
Date : 04/26/2011 @ 4:01PM
Source : Business Wire
Stock : DDi Corp. (DDIC)
Quote : 9.93 0.0 (0.00%) @ 8:50AM

DDi Corp. Announces First Quarter 2011 Results
Ddi (NASDAQ:DDIC)
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Today : Wednesday 27 April 2011
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DDi Corp. (NASDAQ:DDIC), a leading provider of time-critical, technologically advanced electronic interconnect design, engineering and manufacturing services, today reported financial results for the first quarter ended March 31, 2011.

First Quarter 2011 Highlights:

Bookings increased 18% sequentially to $72 million, a 1.09 book-to-bill ratio
Net sales of $66.5 million increased 3% over the prior year period and 1% sequentially
Net income of $5.0 million, or $0.24 per fully diluted share, versus $3.8 million, or $0.19 per fully diluted share, in the prior year quarter
Paid dividend of $0.10 per share of common stock on March 30, 2011

Mikel Williams, President and Chief Executive Officer of DDi Corp., stated, “We are pleased to report record bookings of $72 million in the first quarter, which are indicative of an improved business environment. Our net sales growth trailed our order growth due to a slow start in shipments during the quarter stemming from lower fourth quarter bookings. That said, we were pleased to deliver a solid first quarter with net sales of $66.5 million, a slight year-over-year and sequential increase.”

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