HiSoft Reports Third Quarter 2010 Results and Rais

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HiSoft Technology International Limited, ("HiSoft" or the "Company") (Nasdaq: HSFT),[link widoczny dla zalogowanych], a leading China-based provider of outsourced information technology and research and development services headquartered in Dalian,[link widoczny dla zalogowanych], China,[link widoczny dla zalogowanych], recently announced its unaudited financial results for the third quarter ended September 30, 2010.

Third Quarter 2010 Highlights
Net revenues increased 70.8% year-over-year to US$38.9 million for the third quarter of 2010 from US$22.8 million for the corresponding period in 2009; Gross margin was 37.3% for the third quarter of 2010, compared to 35.2% for the corresponding period in 2009; Income from operations increased 125.1% year-over-year to US$4.9 million for the third quarter of 2010 from US$2.2 million for the corresponding period in 2009; Non-GAAP income from operations increased 156.9% year-over-year to US$6.4 million for the third quarter of 2010 from US$2.5 million for the corresponding period in 2009; Diluted earnings per American depositary share ("ADS") was US$0.16 for the third quarter of 2010, compared to US$0.10 for the corresponding period in 2009; Non-GAAP diluted earnings per ADS was US$0.21 for the third quarter of 2010,[link widoczny dla zalogowanych], compared to US$0.11 for the corresponding period in 2009.
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