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: Quote) 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
Internet video service Sling TV, on Wednesday said HBO would be available in time for the "Game of Thrones" and "Silicon Valley" season premieres on April 12, but did not specify a launch date. Memory chip maker Micron Technology, Inc. said Wednesday after the markets closed that its second quarter profit rose 28% from last year, helped by higher sales and lower income tax expenses. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly sales. Apple Watch is expected to post robust sales in the first weekend after its launch on April 24. A craze for Apple Watch may catapult the smartwatch industry into a lucrative market, while a not-so-impressive response for the Apple device may weigh on the industry.
comments powered by Disqus
Follow RTT