Total cost of revenues amounted to $34.0 million in the 2010 fourth quarter compared to $33.0 million in the same prior year period. The increase in cost of revenues exceeded the growth in revenues due to the additional investments the Company is making in its previously announced growth strategies, particularly in healthcare. SG&A for the 2010 fourth quarter was $12.3 million compared to $12.4 million in the fourth quarter of 2009.Net earnings for the 2010 fourth quarter were $4.1 million, or $0.17 per basic and diluted share, compared to net earnings of $2.0 million, or $0.09 per basic and $0.08 per diluted share for the same period in 2009. The 2010 fourth quarter includes a net tax benefit of $0.4 million. This net benefit resulted from the recognition of a $1.2 million tax credit arising from the purchase accounting entries recorded for a 2010 business acquisition. Without the recognition of the tax credit, fourth quarter 2010 net income would have been $2.9 million, or approximately $0.12 per basic and diluted share.
PRGX Global, Inc. Announces Fourth Quarter And Fiscal Year 2010 Financial Results
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