Monday, 17 November 2008

GlobalLogic Continues Impressive Growth

GlobalLogic announced that it continued to experience solid momentum and growth during the third quarter (the company's fiscal second quarter) ending September adding 25 new technology clients representing the mobile, healthcare, consumer and enterprise software product verticals. 

The company's revenue increased 40% through the first six months of its fiscal year, with GlobalLogic exceeding USD100M in revenue for the first time. In addition, GlobalLogic grew its employee base nearly 20% during the quarter, reaching 3,000 employees worldwide.

Despite the global economic slowdown, its business outlook remains promising and robust. GlobalLogic expects to continue its quarter over quarter growth.

"Considering the current downturn in the economy and its potential effects on global markets, GlobalLogic's specialization in full software product development lifecycle services is a relatively strong sector to be in," explained GlobalLogic CEO Peter Harrison.