| Income Statement for Ness Technologies Inc. (NSTC) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 562,302 | 474,318 | 385,436 | 304,525 | 225,768 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (385,784) | (329,943) | (267,497) | (206,395) | (156,221) | | Gross Operating Profit | 176,518 | 144,375 | 117,939 | 98,130 | 69,547 | | | Selling/General/Admin Expense | (147,384) | (98,603) | (83,763) | (71,748) | (58,067) | | Research & Development | - | - | - | - | (1,559) | | EBITDA | 29,134 | 45,772 | 34,176 | 26,382 | 9,921 | | Depreciation & Amortization | (13,572) | (12,161) | (7,736) | (5,330) | (3,554) | | EBIT | 15,562 | 33,611 | 26,440 | 21,052 | 6,367 | | Interest Income | 1,650 | 1,944 | - | - | 1,776 | | Other Income, Net | (464) | 5,056 | (243) | (91) | 206 | | Total Income Avail For Interest Expense | 16,748 | 40,779 | 26,132 | 20,314 | 8,360 | | Interest Expense | (2,033) | (2,931) | (1,521) | (3,461) | (3,855) | | Pre-Tax Income | 14,715 | 37,848 | 24,611 | 16,853 | 4,505 | | Income Taxes | (4,628) | (8,035) | (3,518) | (2,320) | 54 | | Minority Interest | - | - | 101 | (156) | - | | Net Income from Continuing Operations | 10,087 | 29,813 | 21,194 | 14,377 | 4,559 | | Net Income from Discontinued Operations | - | - | - | - | (1,105) | | Net Income from Total Operations | 10,087 | 29,813 | 21,194 | 14,377 | 3,454 | | | Normalized Income | 10,087 | 29,813 | 21,194 | 14,377 | 4,559 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | 495 | - | - | | Total Net Income | 10,087 | 29,813 | 21,689 | 14,377 | 3,454 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.26 | 0.83 | 0.62 | 0.58 | 0.20 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.01 | 0.00 | -0.07 | | Basic EPS from Total Operations | 0.26 | 0.83 | 0.63 | 0.58 | 0.13 | | | Diluted EPS from Continuing Operations | 0.26 | 0.82 | 0.59 | 0.53 | 0.20 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.02 | 0.00 | -0.07 | | Diluted EPS from Total Operations | 0.26 | 0.82 | 0.61 | 0.53 | 0.13 | | | |
