For decades, Deltek, Inc. (Nasdaq:PROJ) has delivered actionable insight that empowers our customers to unlock their business potential. Deltek is the leading global provider of enterprise software and information solutions for professional services firms and government contractors.



Deltek yesterday announced financial results for the quarter ended September 30, 2011. Q3 product revenue was $26.7 million, up 71% from Q3 2010 and up 8% sequentially. Product revenue includes perpetual, subscription, SaaS and term license revenues. Total revenue for Q3 was $85.2 million, an increase of 31% from $65.2 million in the third quarter of 2010. Q3 product bookings were $29.5 million, a 9.3% increase from the prior quarter and a 74% increase from the third quarter of 2010. Product bookings consist of the aggregate contract value of the company’s perpetual, subscription, SaaS and term licenses sold during the quarter. Q3 perpetual license revenue was $15.8 million, an increase of 2.6% from the prior year. Q3 subscription and term license revenue was $10.9 million. Maintenance revenue in the third quarter was $40.5 million, up from $33.9 million in the third quarter of 2010, an increase of 19.4%. Consulting and other revenue for Q3 was $18 million, up 14.5% compared to $15.7 million in Q3 2010.

For more information about Deltek, please visit www.deltek.com

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