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March 05, 2008
International News
Deutsche Telekom's enterprise customer division, T-Systems, and global IT services provider, Cognizant have entered into a global Systems Integration alliance primarily aimed at catering to European corporations with global delivery requirements for system integration services. This unique partnership—between a global delivery IT powerhouse and a European giant—will enable customers to leverage the benefits of global delivery.
VanceInfo Technologies Inc., an IT service provider and one of the leading offshore software development companies in China, announced its unaudited financial results for the fourth quarter and full year ended December 31, 2007:
-- Net revenues for the fourth quarter were US$19.3 million, up 96.1% from the fourth quarter 2006.
-- Net revenues for the year 2007 were $62.7 million, up 115.9% from 2006.
-- Gross margin was 38.6% in the fourth quarter of 2007 and 38.5% for the year, up from 37.2% and 38.2%, respectively, for the same periods in 2006.
-- Net income for the fourth quarter was US$3.1 million, up 136.3% from the fourth quarter of 2006.
-- Net income for the full year 2007 was US$9.6 million, up 118.7% from 2006.
-- Employees at year end 2007 totaled 3,675, up 60.5% from year end 2006. Of these, billable professionals totaled 3,224, up 64.3% from year end 2006.
Posted by jbowles at March 5, 2008 07:07 PM
