DDI (NASDAQ:DDIC)

WEB NEWS

Wednesday, April 27, 2011

Comments & Business Outlook

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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