Diamond Management & Technology Consultants, Inc. (DTPI) Announces Annual Revenue Spike; Shares Hover Around $5.80
Diamond Management & Technology Consultants, Inc. (DTPI) announced that fiscal year 2008 net revenue spiked to $182.3 million, up 8% from $168.7 million the previous year. In addition, the management and technology consulting firm saw net income jump to $19.1 million, up 35% from $14.1 million in 2007. The company’s balance sheet wrapped up an impressive year as well, showing off $53.3 million in cash and cash equivalents with no debt. Diamond Management also generated free cash flow of $22.9 million during the year. “Fiscal year 2008 was a year of two parts. In the first half of the year,…