logo
Share SHARE
FONT-SIZE Plus   Neg

Pactera Technology Turns To Loss In Q2; CFO Huang To Resign - Quick Facts

Pactera Technology International Ltd. (PACT) reported second-quarter 2013 net loss attributable to the company of $1.0 million, or $0.01 per share, versus a $6.4 million, or $0.15 per share profit in the 2012 period. On a non-GAAP basis, net income amounted to $11.5 million, or $0.14 per ADS in the second quarter of 2013.

Net revenues for the recent period totaled $163.1 million, compared with the prior-year figure of $71.8 million.

Separately, Pactera announced that its Chief Financial Officer, Sidney Huang, would leave the firm, effective September 15, 2013, to accept a senior executive position at a leading player in the fast-growing Internet sector in China. Upon Huang's departure, Helena Chen, the company's Senior Vice President and Corporate Controller, would become the interim CFO until a successor is named. Huang would remain as an advisor to the company for an extended period after the initial transition to ensure a smooth transition.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The recent week marked the lull before the storm, with very few market moving economic numbers released during the week. However, the economic news flow picks up pace in the upcoming week, offering glimpses into every vehicle of economic growth, ranging from consumers to private sector activity to housing.... Life expectancy at birth in the U.S. is already lower than most other developed nations and is now projected to fall further behind by 2030, according to a new study. It also suggests that by 2030, national female life expectancy in South Korea could break the 90 year barrier. Department store chain J.C. Penney Co. Inc. on Friday reported a turnaround to profit in the fourth quarter as a slight decline in sales was more than offset by lower expenses. Adjusted earnings per share for the quarter beat analysts' expectations, while revenues slightly missed their estimates. Earlier today, J.C. Penny announced a plan to optimize its national retail operations.
comments powered by Disqus
Follow RTT