For the third quarter of 2008, net revenues were $27.67 million, compared to $18.05 million for the same quarter of 2007.
For the first nine months of 2008, net revenues were $72.6 million, compared to $43.45 million for the same period of 2007. Net income was $10.95 million, or $0.27 per diluted share, compared to $6.46 million, or $0.13 per diluted share, for the prior-year period.
Chris Chen, chairman and CEO of VanceInfo, said: We are very pleased to see another great quarter with record revenues and net profit despite the turbulence in the global economy. Demand from the Chinese clients remained solid, and a number of multinational customers continued to entrust us with more responsibilities for high quality R&D work and cost-effective services.
