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ERT Reports Third Quarter 2011 Operating Results
Date:10/27/2011

but that continued or further deterioration of general economic conditions, in addition to other factors cited elsewhere, could result in ERT not achieving the revenue and net income per diluted share guidance provided.

Forward-looking statements speak only as of the date made.  We undertake no obligation to update any forward-looking statements, including prior forward-looking statements, to reflect the events or circumstances arising after the date as of which they were made.  As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included in this release or that may be made in our filings with the Securities and Exchange Commission or elsewhere from time to time by, or on behalf of, us.Contact:Keith Schneck

Robert EasteResearchTechnology, Inc.

Westwicke Partners, LLC215-282-5566

443-213-0502eResearchTechnology, Inc. and SubsidiariesConsolidated Statements of Operations(in thousands, except per share amounts)(unaudited)Three Months Ended September 30,Nine Months Ended September 30,2010201120102011Net revenues:Services$
25,929$
25,193$
59,461$
71,586Site support19,19922,89036,63161,045Total net revenues45,12848,08396,092132,631Costs of revenues:Cost of services13,52614,55429,16241,325Cost of site support11,50513,57419,26136,886Total costs of revenues25,03128,12848,42378,211Gross margin20,09719,95547,66954,420Operating expenses:Selling and marketing4,4784,68311,82713,284General and administrative7,7808,14122,27822,896Research and development1,2501,8983,1775,083Total operating expenses13,50814,72237,28241,263Operating income6,5895,23310,38713,157Foreign exchange (losses) gains(1,745)695(1,267)(580)Other (expense) income, net(199)(125)(181)(394)Income before income taxes4,6455,8038,93912,183Income tax provision1,4721,4763,1882,982Net income$
3,173$
4,327$
5,751$
9,201Net income per share:Basic$
.06$
.09$
.12$
.19Diluted$<
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SOURCE ERT
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