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ERT Reports Second Quarter 2011 Operating Results

205 29   Stock option income tax benefit2 2   Repurchase of common stock for treasury-   (46)Net cash provided by financing activities23,217 595 Effect of exchange rate changes on cash(2,553),817 Net (decrease) increase in cash and cash equivalents(46,475),258 Cash and cash equivalents, beginning of period8,979 30,343 Cash and cash equivalents, end of period $
22,504 $
31,601 eResearchTechnology, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP Information (in thousands, except per share amounts)(unaudited)Three Months EndedSix Months EndedJune 30,   2010

March 31, 2011

June 30,   2011June 30,

June 30,
2011Net revenues$



84,548Reconciliation of GAAP to Non-GAAP gross margin:GAAP gross margin$



34,465Amortization of acquired intangibles and other assets833



3,848Non-GAAP gross margin$



38,313Non-GAAP gross margin percentage57.2%



45.3%Non-GAAP gross margin percentage is calculated by dividing non-GAAP gross margin by net revenues-Reconciliation of GAAP to Non-GAAPoperating income:GAAP operating income$



7,924Amortization of acquired intangibles and other assets833



3,848Acquisition and integration related costs3,840



-Non-GAAP operating income$



,772Non-GAAP operating income margin percentage19.7%



13.9%Non-GAAP operating income margin percentage is calculated by dividing non-GAAP operating income by net revenues-Reconciliation of GAAP to Non-GAAP net income:GAAP net income$

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