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eResearchTechnology Reports Second Quarter 2008 Results
Date:8/4/2008

ne 30,

2007 2008 2007 2008

Net revenues:

Licenses $580 $870 $1,362 $1,495

Services 17,561 27,380 31,529 52,653

Site support 6,593 7,222 12,927 14,997

Total net revenues 24,734 35,472 45,818 69,145

Costs of revenues:

Cost of licenses 63 170 129 370

Cost of services 7,233 10,483 14,023 20,997

Cost of site support 4,117 4,599 8,312 9,867

Total costs of revenues 11,413 15,252 22,464 31,234

Gross margin 13,321 20,220 23,354 37,911

Operating expenses:

Selling and marketing 3,054 3,810 5,592 7,133

General and administrative 2,919 4,601 6,388 9,474

Research and development 1,102 1,051 2,027 2,050

Total operating expenses 7,075 9,462 14,007 18,657

Operating income 6,246 10,758 9,347 19,254

Other income, net 569 244 1,119 671

Income before income taxes 6,815 11,002 10,466 19,925

Income tax provision 2,676 4,342 4,079 7,519

Net income $4,139 $6,660 $6,387 $12,406

Basic net income per share $0.08 $0.13 $0.13 $0.24

Diluted net income per share $0.08 $0.13 $0.12 $0.24

Shares used to calculate basic

net income per share 50,493 50,734 50,346 50,686

Shares used to calculate diluted

net income per share 51,782 52,182 51,606 52,038

eResearchTechnology, Inc. and Subsidia
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SOURCE eResearchTechnology, Inc.
Copyright©2008 PR Newswire.
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11. eResearchTechnology Names New Chief Financial Officer
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