Deltek, a provider of enterprise applications software, has reported total revenue of $70.4 million for the third quarter ended September 30, 2007, a 28% increase from the third quarter of 2006.
Net income for the third quarter of 2007 increased 138% to $5.8 million, or $0.14 per diluted share, compared to $2.4 million, or $0.06 per diluted share, in the third quarter of 2006.
Total revenue for the first nine months ended September 30, 2007, stood at $201.2 million compared to $161.1 million in the corresponding period of 2006. Net income for the first nine months of 2007 was $15.4 million compared to $9 million in the corresponding period of 2006. Earnings per basic share stood at $0.39 against $0.23 for the same period in 2006.
Kevin Parker, president and CEO of Deltek, said: Our strong top line and bottom line performance across all aspects of our business reflects our ability to deliver mission critical business applications to project-based organizations.
Our broad range of industry leading solutions and our commitment to our customers’ success have been the key contributors in driving our growth to date and position us well to successfully compete in this large and growing market.