Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

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.

Click here to receive FREE breaking news email alerts for Pactera Technology International Ltd. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.