Pactera Announces Third Quarter 2012 Financial Results

            Pactera Announces Third Quarter 2012 Financial Results

PR Newswire

BEIJING, Nov. 15, 2012

BEIJING, Nov. 15, 2012 /PRNewswire-FirstCall/ -- Pactera Technology
International Ltd. (Nasdaq: PACT) ("Pactera" or the "Company"), a global
consulting and technology services provider strategically headquartered in
China, today reported its unaudited financial results for the third quarter
ended September 30, 2012, which are described below as the unaudited financial
results of former HiSoft Technology International Limited (NASDAQ:HSFT). In
addition, we included the unaudited financial results for the third quarter
ended September 30,2012 of VanceInfo Technologies Inc. (NYSE: VIT) which was
combined with HiSoft Technology International Limited to form Pactera on
November 9, 2012 as a result of the previously announced merger.

Third Quarter 2012 Highlights of former HiSoft Technology International
Limited ("HiSoft")

  oNet revenues were $79.6 million, up 35.2% from $58.9 million for the third
    quarter of 2011.
  oNon-GAAP(1) operating income was $11.2 million, up 41.9% from $7.9 million
    for the third quarter of 2011.
  oDiluted net income per American depositary share(2)("ADS") and non-GAAP(1)
    diluted net income per ADS were $0.15 and $0.33, respectively, for the
    third quarter of 2012.
  oTotal employees as of September 30, 2012 was 8,652, including 7,636
    billable professionals.

Third Quarter 2012 Highlights of former VanceInfo Technologies Inc.
("VanceInfo")

  oNet revenues for the third quarter of 2012 increased to $96.2 million, up
    36.9% from $70.3 million for the third quarter of 2011.
  oNon-GAAP(1) operating income was $8.5 million, up 54.5% from $5.5 million
    for the third quarter of 2011.
  oDiluted earnings per share(3)("EPS") and non-GAAP(1) diluted EPS were
    $0.11 and $0.19, respectively, for the third quarter of 2012.
  oTotal employees as of September 30, 2012 was 15,302, including 13,801
    billable professionals.

Tiak Koon Loh, Pactera Chief Executive Officer, commented, "Both HiSoft and
VanceInfo finished the quarter with strong, broad-based results executing on
strategies to grow higher value-added solution services and further deepen
wallet-share." He continued, "These results provide nice momentum from which
to establish our combined operations. We have an immediate focus on
post-merger integration and a clear vision to drive sustainable business
growth. We are committed to capitalizing on the synergies that lay before us
and delivering solid results to our customers and shareholders."

"We announced the official formation of Pactera on November 9, 2012, and
through the merger of VanceInfo and HiSoft we bring together the skills of
more than 23,000 employees to create a world-class China-based IT services
company," said Pactera Non-Executive Chairman, Chris Chen. "By building on the
two firms' complementary strengths, Pactera's 13 offices in China and 14
international sites create an integrated, global network of resources that
offer clients an expanded breadth of solution services serving a variety of
industries with world-wide reach. We are indeed excited about the capabilities
that Pactera brings to the marketplace and a bright future ahead," he
concluded.

HiSoft Third Quarter 2012 Financial Results

Net Revenues

Net revenues were $79.6 million for the third quarter of 2012, an increase of
35.2% from $58.9 million for the corresponding period in 2011. The strong
year-over-year growth in net revenues was driven by strong demand across all
service lines and key geographic markets.

Net Revenues by Service Line

HiSoft had two service lines: Information Technology ("IT") services and
research and development ("R&D") services. HiSoft divided IT services into two
categories: consulting and packaged solution services ("CPS") and application
development, testing and maintenance services ("ADM").

                   Three Months Ended  Three Months Ended  Year-over-Year  %
                   September 30, 2012  September 30, 2011  Change
                   ($ in thousands, except percentages)
IT Services        46,242    58.1%     34,084    57.9%     35.7%
CPS                17,380    21.8%     11,823    20.1%     47.0%
ADM                28,862    36.3%     22,261    37.8%     29.7%
R&D Services       33,330    41.9%     24,790    42.1%     34.4%
TotalNetRevenues 79,572    100.0%    58,874    100.0%    35.2%

Net revenues from IT services were $46.2 million for the third quarter of
2012, an increase of 35.7% from $34.1 million for the corresponding period in
2011. HiSoft's CPS services grew 47.0% compared to the same period in 2011 as
a result of expanded solution offerings and an expanded client portfolio.

Net revenues from R&D services were $33.3 million for the third quarter of
2012, an increase of 34.4% from $24.8 million for the corresponding period in
2011.

Net Revenues by Geographic Markets

Net Revenues based on Location of Clients' Headquarters

                   Three Months Ended Three Months Ended Year-over-Year %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
United States      36,359    45.7%    29,847    50.7%    21.8%
Greater China      18,169    22.8%    10,251    17.4%    77.2%
Japan              14,235    17.9%    10,056    17.1%    41.6%
Asia South         6,081     7.7%     3,603     6.1%     68.8%
Europe             4,728     5.9%     5,117     8.7%     (7.6%)
TotalNetRevenues 79,572    100.0%   58,874    100.0%   35.2%

Based on the location of clients' headquarters, HiSoft's largest geographic
market, the United States accounted for $36.4 million or 45.7% of net revenues
during the third quarter of 2012, followed by 22.8% for Greater China, 17.9%
for Japan, 7.7% for Asia South and 5.9% for Europe.

In the third quarter, Greater China continued its strong growth momentum of
77.2% year-over-year. The United States and Japan also continued to
demonstrate solid momentum recording year-over-year net revenue growth of
21.8% and 41.6%, respectively. Asia South recorded a 68.8% increase in revenue
year-over-year primarily due to an acquisition in Australia in the third
quarter 2012. Growth from Europe was negatively impacted by adverse
macro-economic conditions resulting in a 7.6% year-over-year decrease.

Net Revenues based on Location of Contract Signing Entity

                   Three Months Ended  Three Months Ended  Year-over-Year  %
                   September 30, 2012  September 30, 2011  Change
                   ($ in thousands, except percentages)
Greater China      33,970    42.7%     22,689    38.5%     49.7%
United States      15,764    19.8%     14,829    25.2%     6.3%
Japan              15,244    19.1%     11,530    19.6%     32.2%
Asia South         12,945    16.3%     8,455     14.4%     53.1%
Europe             1,649     2.1%      1,371     2.3%      20.3%
TotalNetRevenues 79,572    100.0%    58,874    100.0%    35.2%

Measuring HiSoft's net revenues based on the location of contract signing
entity, Greater China accounted for 42.7% of net revenues in the third quarter
of 2012, while the United States accounted for 19.8%, Japan accounted for
19.1%, Asia South accounted for 16.3% and Europe accounted for 2.1%.

In the third quarter of 2012, HiSoft achieved strong year-over-year net
revenue growth based on the location of contract signing entity across most of
its key markets: the United States grew 6.3%, Japan grew 32.2%, Greater China
grew 49.7%, Asia South grew 53.1% and Europe grew 20.3%.

Largest Clients

Revenues from HiSoft's top five and top ten clients accounted for 29.8% and
43.8% of net revenues, respectively, during the third quarter of 2012,
compared to 34.5% and 49.5%, respectively, for the corresponding period in
2011.

Gross Profit and Gross Margin

Gross profit was $28.3 million for the third quarter of 2012, an increase of
35.1% from $20.9 million for the corresponding period in 2011. During the
third quarter of 2012, gross margin was 35.6%, unchanged from the
corresponding period in 2011.

Non-GAAP gross margin was 36.0% for the third quarter of 2012, compared to
35.9% in the corresponding period in 2011.

Operating Expenses

Total operating expenses were $23.0 million for the third quarter of 2012, an
increase of 36.3% from $16.9 million for the corresponding period in 2011.
Total operating expenses as percentage of total revenues was 28.9%, compared
to 28.7% for the corresponding period in 2011.

Operating Income and Operating Margin

Operating income for the third quarter of 2012 was $5.3 million, an increase
of 30.2% from $4.1 million for the corresponding period in 2011. Non-GAAP
operating income for the third quarter in 2012 was $11.2 million, an increase
of 41.9% from $7.9 million for the corresponding period in 2011.

Operating margin was 6.7% for the third quarter of 2012, compared to 6.9% for
the same period in 2011. Non-GAAP operating margin was 14.1% for the third
quarter of 2012, compared to 13.4% for the corresponding period in 2011.

Provision for Income Taxes

Provision for income taxes was $1.3 million for the third quarter of 2012,
compared to $0.4million in the third quarter of 2011.

The effective tax rate for the third quarter of 2012 was 21.0%. Excluding
non-deductible merger related transaction costs for Cayman Island tax
purposes, the effective tax rate would have been 15.0% for the quarter.

Net Income and Net Income per ADS

Net income attributable to HiSoft was $4.7 million for the third quarter of
2012, compared to $4.4 million for the corresponding period in 2011. Diluted
net income per ADS was $0.15 for the third quarter of 2012, improved from
$0.14 in the corresponding period of 2011.

Non-GAAP net income was $10.6 million for the third quarter of 2012, an
increase of 28.3% from $8.2 million for the same period in 2011. Non-GAAP
diluted net income per ADS was $0.33 in the third quarter of 2012, compared to
$0.26 in the corresponding period of 2011.

Cash Flow and DSO

As of September 30, 2012, HiSoft had cash and cash equivalents, restricted
cash, and term deposits totaling $120.7 million. Operating cash flow for third
quarter of 2012 was a net inflow of approximately $5.1 million.

Days sales outstanding ("DSO") was 99 days for the third quarter of 2012,
compared to 88 days in the corresponding period of 2011. The increase in DSO
was primarily due to an increase in the number of fixed- price contracts
signed with customers in China and Singapore.

First Nine Months 2012 Financial Results of HiSoft

Net Revenues

Net revenues were$216.8 millionfor the nine months ended September 30, 2012,
an increase of 40.7% from$154.1 millionfor the corresponding period in 2011.

Net Revenues by Service Line

                   Nine Months Ended  Nine Months Ended  Year-over-Year  %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
IT Services        127,120   58.6%    86,405    56.1%    47.1%
CPS                47,756    22.0%    23,927    15.5%    99.6%
ADM                79,364    36.6%    62,478    40.6%    27.0%
R&D Services       89,709    41.4%    67,648    43.9%    32.6%
TotalNetRevenues 216,829   100.0%   154,053   100.0%   40.7%

Net revenues from IT services were $127.1 million for the nine months ended
September 30, 2012, an increase of 47.1% from $86.4 million for the
corresponding period in 2011. HiSoft's CPS services, comprising a portfolio of
higher value-added solutions, recorded a 99.6% year-over-year increase.

Net revenues from R&D services were $89.7 million for the nine months ended
September 30, 2012, an increase of 32.6% from $67.6 million for the
corresponding period in 2011.

Net Revenues by Geographic Markets

Net Revenues based on Location of Clients' Headquarters

                   Nine Months Ended  Nine Months Ended  Year-over-Year  %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
United States      99,608    45.9%    77,601    50.4%    28.4%
Greater China      50,374    23.2%    26,213    17.0%    92.2%
Japan              41,395    19.1%    27,401    17.8%    51.1%
Europe             14,112    6.5%     13,943    9.0%     1.2%
Asia South         11,340    5.3%     8,895     5.8%     27.5%
TotalNetRevenues 216,829   100.0%   154,053   100.0%   40.7%

Based on the location of clients' headquarters, HiSoft's largest geographic
market, the United States, accounted for $99.6 million or 45.9% of its net
revenues, during the nine months ended September 30, 2012, followed by 23.2 %
for Greater China, 19.1% for Japan, 6.5% for Europe and 5.3% for Asia South.

Net Revenues based on Location of Contract Signing Entity

                   Nine Months Ended  Nine Months Ended  Year-over-Year  %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
Greater China      89,916    41.5%    60,408    39.2%    48.8%
United States      46,406    21.4%    34,435    22.4%    34.8%
Japan              44,294    20.4%    33,480    21.7%    32.3%
Asia South         32,402    14.9%    21,879    14.2%    48.1%
Europe             3,811     1.8%     3,851     2.5%     (1.0%)
TotalNetRevenues 216,829   100.0%   154,053   100.0%   40.7%

Measuring HiSoft's net revenues based on the location of contract signing
entities, Greater China accounted for 41.5% of its net revenues in the nine
months ended September 30, 2012, while the United States accounted for 21.4%,
Japan accounted for 20.4%, Asia South accounted for 14.9% and Europe accounted
for 1.8%.

Largest Clients

Revenues from HiSoft's top five and top ten clients accounted for 31.2% and
44.3% of its net revenues, respectively, during the nine months ended
September 30, 2012, compared to 36.8% and 52.5%, respectively, for the
corresponding period in 2011.

Gross Profit and Gross Margin

Gross profit was$76.8 millionfor the nine months ended September 30, 2012,
an increase of 44.9% from$53.0 millionfor the corresponding period in 2011.
For the nine months ended September 30, 2012, gross margin was 35.4%, compared
to 34.4% for the corresponding period in 2011.

Operating Income and Operating Margin

Operating income for the nine months ended September 30, 2012 was$18.5
million, an increase of 75.6% from$10.5 millionfor the corresponding period
in 2011. Non-GAAP operating income for the nine months ended September 2012
was $30.0 million, an increase of 65.7% from $18.1 million for the
corresponding period in 2011.

Operating margin was 8.5% for the nine months ended September 30, 2012,
compared to 6.8% for the corresponding period in 2011. Non-GAAP operating
margin was 13.9% for the third quarter of 2012, compared to 11.8% for the
corresponding period in 2011.

Provision for Income Taxes

Provision for income taxes was $3.6 million for the nine months ended
September 30, 2012, compared to a $1.3 million for the corresponding period in
2011. The increase in income tax rate was primarily a result of the phasing
out of the preferential tax rates for some of HiSoft's operating entities.

Effective tax rate was 17% for the nine months ended September 30, 2012.
Excluding certain non-deductible merger-related transaction costs for Cayman
islands tax purposes, the effective tax rate would have been 15.0% for the
nine months ended September 30, 2012.

Net Income and Net Income per ADS

Net income attributable to HiSoft was$17.1 millionfor the nine months ended
September 30, 2012, an increase of 54.1%, compared to $11.1 millionfor the
corresponding period in 2011. Diluted net income per ADS was $0.54 for the
nine months ended September 30, 2012, compared to $0.35 for the corresponding
period in 2011.

Non-GAAP net income was$28.7 millionfor the nine months ended September 30,
2012, an increase of 53.2% from$18.7 millionfor the corresponding period in
2011. Non-GAAP diluted net income per ADS was$0.90 for the nine months ended
September 30, 2012 compared to$0.59 for the corresponding period in 2011.

Cash Flow and DSO

Operating cash flow for the nine months ended September 30, 2012 was a net
inflow of approximately $3.0 million.

Days sales outstanding was 96 days for the nine-month period ending September
30, 2012.

Third Quarter 2012 Financial Results of VanceInfo

Net Revenues

Net revenues were $96.2 million in the third quarter of 2012, up 36.9% from
$70.3 million for the third quarter of 2011. The increase in net revenues was
attributable to the demand from most of the markets VanceInfo served, except
the European market.

Net Revenues by Service Line

VanceInfo provided four service lines: R&D Outsourcing Services ("RDS"),
Consulting and Solutions Services ("C&S"), Application Management Services
("AMS") and Other Solutions & Services ("Others").

Consistent with the VanceInfo's growth strategy, net revenues from C&S grew
107.8% over the same period in 2011 and contributed 13.2% of total net
revenues in the third quarter of 2012. Net revenues from AMS increased 35.5%
from the third quarter of 2011, accounting for 37.1% of total net revenues in
the third quarter of 2012.

                   Three Months Ended  Three Months Ended  Year-over-Year  %
                   September 30, 2012  September 30, 2011  Change
                   ($ in thousands, except percentages)
RDS                43,255    45.0%     34,601    49.2%     25.0%
C&S                12,748    13.2%     6,135     8.7%      107.8%
AMS                35,704    37.1%     26,343    37.5%     35.5%
Others             4,533     4.7%      3,215     4.6%      41.0%
Totalnetrevenues 96,240    100.0%    70,294    100.0%    36.9%

Net Revenues by Geographic Markets

Net Revenues based on Location of Clients' Headquarters

              ThreeMonthsEnded Three Months Ended Year-over-Year
              September 30, 2012 September 30, 2011 % Change
              ($ in thousands, except percentages)
GreaterChina 49,318    51.2%    32,939    46.9%    49.7%
United States 31,261    32.5%    22,927    32.6%    36.4%
Europe        8,639     9.0%     11,097    15.8%    (22.2)%
Japan         4,268     4.4%     2,529     3.6%     68.8%
Others        2,754     2.9%     802       1.1%     243.4%
Total         96,240    100.0%   70,294    100.0%   36.9%

Based on the location of clients' headquarters, net revenues from Greater
China were $49.3 million or 51.2% of total net revenues in the third quarter
of 2012, followed by 32.5% from the United States, 9.0% from Europe and 4.4%
from Japan.

Measuring the VanceInfo's revenues by geographic markets based on the location
of the contract signing entities, Greater China accounted for 69.3% of total
net revenues in the third quarter of 2012, while the United States accounted
for 23.5% in the same period.

Net Revenues by Industry

VanceInfo classified its clients into four industry segments:
Telecommunications ("Telecom"), High Technology ("High Tech"), Banking,
Financial Services and Insurance ("BFSI"), and other industry segments
including manufacturing, retail, distribution, travel and transportation and
public services ("Others").

                   Three Months Ended  Three Months Ended  Year-over-Year  %
                   September 30, 2012  September 30, 2011  Change
                   ($ in thousands, except percentages)
Telecom            33,725    35.0%     27,510    39.1%     22.6%
High Tech          30,713    31.9%     23,186    33.0%     32.5%
BFSI               18,434    19.2%     8,603     12.2%     114.3%
Others             13,368    13.9%     10,995    15.7%     21.6%
Totalnetrevenues 96,240    100.0%    70,294    100.0%    36.9%

Largest Clients

Revenues from VanceInfo's top five clients totaled $46.7 million or 48.6% of
total net revenues in the third quarter of 2012, compared to 50.2% in the
third quarter of 2011.

Gross Profit and Gross Margin

Gross profit in the third quarter of 2012 was $30.2 million, an increase of
26.0% from $24.0 million in the third quarter of 2011. Gross margin was 31.4%
in the third quarter of 2012, compared to 34.1% in the third quarter of 2011.

Operating Income and Operating Margin

Operating income in the third quarter of 2012 was $5.1 million, compared to
$2.6 million in the third quarter of 2011. Non-GAAP operating income in the
third quarter of 2012 was $8.5 million, up 54.5% from $5.5 million in the same
period in 2011. Non-GAAP ^ operating margin ^ was 8.9% in the third quarter of
2012, compared to 7.9% in the third quarter of 2011. The year-over-year
increase of Non-GAAP operating margin was primarily due to the higher pre-sale
expenses associated with VanceInfo's strategic investment in BFSI consulting
and solutions capabilities in September 2011.

Provision for Income Taxes

The effective income tax rate was 15.9%, compared to 4.8% in the same period
of 2011. The higher effective income tax rate reflected the expiration of tax
holiday in 2012 of a major China-based operating subsidiary.

Net Income and EPS

Net income in the third quarter of 2012 was $4.9 million, up 54.3% from $3.2
million in the third quarter of 2011. Non-GAAP net income ^ was $8.3 million
in the third quarter of 2012, up 35.8% from $6.1 million in the same period in
2011. Non-GAAP ^ net margin was 8.7% in the third quarter of 2012, which was
the same as the third quarter 2011.

For the third quarter of 2012, diluted EPS and Non-GAAP diluted EPS were $0.11
and $0.19, respectively, compared with $0.07 and $0.14, respectively, for the
third quarter of 2011.

Cash Flow and DSO

As of September 30, 2012, VanceInfo had cash and cash equivalents, restricted
cash, term deposits and short-term investments totaling $80.2 million.
Operating cash flow in the third quarter of 2012 was a net inflow of
approximately $5.6 million.

Days sales outstanding ("DSO") was 143 days for the third quarter of 2012,
compared to 132 for the second quarter of 2012. DSO was 130 days for the
trailing twelve months ended September 30, 2012, compared with 128 days for
the trailing twelve months ended June 30, 2012.

First Nine Months 2012 Financial Results of VanceInfo

Net Revenues

Net revenues for the first nine months of 2012 were $277.1 million, up 41.4%
from $195.9 million in the first nine months of 2011.

Net Revenues by Service Line

                   Nine Months Ended  Nine Months Ended  Year-over-Year  %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
RDS                133,169   48.1%    104,610   53.4%    27.3%
C&S                34,189    12.3%    16,310    8.3%     109.6%
AMS                97,492    35.2%    67,625    34.5%    44.2%
Others             12,243    4.4%     7,404     3.8%     65.4%
Totalnetrevenues 277,093   100.0%   195,949   100.0%   41.4%

Net Revenues by Geographic Markets

Net Revenues based on Location of Clients' Headquarters

                   Nine Months Ended  Nine Months Ended  Year-over-Year  %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
Greater China      135,167   48.8%    92,151    47.0%    46.7%
United States      94,268    34.0%    63,937    32.6%    47.4%
Europe             28,846    10.4%    31,439    16.0%    -8.2%
Japan              12,032    4.3%     6,606     3.4%     82.1%
Others             6,780     2.5%     1,816     1.0%     273.3%
TotalNetRevenues 277,093   100.0%   195,949   100.0%   41.4%

Based on the location of its clients' headquarters, Greater China was
VanceInfo's largest geographic market, accounting for $135.2 million or 48.8%
of the net revenues in the first nine months of 2012, followed by 34.0% from
clients headquartered in the United States, 10.4% in Europe and 4.3% in Japan.

Measuring VanceInfo's revenues by geographic markets based on the location of
the contract signing entities, rather than the location of the clients'
headquarters, Greater China accounted for 67.7% of net revenues in the first
nine months of 2012, while the United States accounted for 25.3% in the same
period.

Net Revenues by Industry

                   Nine Months Ended  Nine Months Ended  Year-over-Year  %
                   September 30, 2012 September 30, 2011 Change
                   ($ in thousands, except percentages)
Telecom            99,314    35.8%    $80,852   41.3%    22.8%
High Tech          93,815    33.9%    64,800    33.1%    44.8%
BFSI               47,723    17.2%    22,619    11.5%    111.0%
Others             36,241    13.1%    27,678    14.1%    30.9%
Totalnetrevenues 277,093   100.0%   195,949   100.0%   41.4%

Largest Clients

Revenues from the top five clients totaled 51.7% of VanceInfo's net revenues
in the first nine months of 2012, compared to 53.1% in the same period in
2011.

Gross Profit and Gross Margin

Gross profit for the first nine months of 2012 was $88.2 million, an increase
of 25.4% from $70.3 million in the first nine months of 2011. Gross margin was
31.8% in the first nine months of 2012, compared to 35.9% in the prior year
period.

Operating Income and Operating Margin

Operating income in the first nine months of 2012 was $13.8 million, compared
with $17.1 million in the same period last year. Non-GAAP operating income in
the first nine months of 2012 was $24.3 million, compared with $24.5 million
in the same period last year. Non-GAAP operating margin was 8.8% in the first
nine months of 2012, compared to 12.5% in the year-ago period.

Net Income and EPS

Net income for the first nine months of 2012 was $12.9 million, compared to
$17.3 million for the same period of 2011. Non-GAAP(1) net income was $23.4
million for the first nine months of 2012, compared with $24.7 million a year
ago. Non-GAAP net margin(1) was 8.5%, compared with 12.6% in the first nine
months of 2011. Diluted EPS for the first nine months of 2012 was $0.30,
compared to $0.38 in the same period of 2011. Non-GAAP diluted EPS was $0.54
for the first nine months of 2012, which was the same as the first nine months
of 2011.

Outlook for Pactera's Fourth Quarter 2012

For the fourth quarter of 2012, based on current market and operating
conditions and current book orders, Pactera expects:

  oNet revenues to be at least US$136 million, including the former HiSoft's
    estimated results for the whole fourth quarter and VanceInfo's estimated
    results for the period from November 9, 2012 to December 31, 2012.
  oNon-GAAP diluted net income per ADS to be in the range of $0.22 to $0.24,
    estimated based on the whole fourth quarter results of the former HiSoft
    and the results of the former VanceInfo for the period from November 9,
    2012 to December 31, 2012 and 68.9 million weighted average equivalent
    ADSs outstanding including common shares and ADSs issued in connection
    with the merger with former VanceInfo since November 9, 2012.

These estimates are based on current market and operating conditions, are
subject to change, and may be influenced positively or negatively by factors
outside the Company's control, including but not limited to macroeconomic
events in the markets in which the Company operates. See "Safe Harbor
Statement" below for additional information regarding forward-looking
statements.

Conference Call

The Company will host a combined earnings conference call and live webcast at
7:00 AM Eastern Standard Time (EST) on Thursday, November 15, 2012 (8:00 PM
Beijing/Hong Kong time). Management will discuss the quarter results and
highlights of both companies respectively and answer questions from investors.
Please dial-in five minutes prior to the call to register and receive further
instruction.

This combined earnings conference call replaces the previously announced third
quarter 2012 earnings conference calls for HiSoft and VanceInfo, respectively.

The dial-in details for the live conference call are as below:

-- U.S. Toll Free Dial-in Number: + 1.866.519.4004
-- International Dial-in Number: + 65.6723.9381
-- Hong Kong Dial-in Number: + 852.2475.0994
-- Passcode: 44087166

The conference call will be available live via webcast on the Investors
section of Pactera's website at http://ir.pactera.com . The archive replay
will be available on Pactera's website shortly after the call.

A dial-in replay of the conference call will be available until November 23,
2012:

-- U.S. Toll Free Dial-in Number: + 1.866.214.5335
-- International Dial-in Number: + 61.2.8235.5000
-- Passcode: 44087166

About Pactera

Pactera Technology International Ltd. (NASDAQ: PACT), formed by a merger of
equals between HiSoft Technology International Limited and VanceInfo
Technologies Inc., is a global consulting and technology services provider
strategically headquartered in China. Pactera provides world-class business /
IT consulting, solutions, and outsourcing services to a wide range of leading
multinational firms through a globally integrated network of onsite and
offsite delivery locations in China, the United States, Europe, Australia,
Japan, Singapore and Malaysia. Pactera's comprehensive services include
business and technology advisory, enterprise application services, business
intelligence, application development & maintenance, mobility, cloud
computing, infrastructure management, software product engineering &
globalization, and business process outsourcing.

For more information about Pactera, please visit www.pactera.com.

Safe Harbor Statement

This news release contains forward-looking statements. These statements
constitute "forward-looking" statements within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in the U.S.
Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes," "estimates,"
"target," "going forward," "outlook" and similar statements. Such statements
are based upon management's current expectations and current market and
operating conditions, and relate to events that involve known or unknown
risks, uncertainties and other factors, all of which are difficult to predict
and many of which are beyond Pactera's control, which may cause Pactera's
actual results, performance or achievements to differ materially from those in
the forward-looking statements. Potential risks and uncertainties include, but
are not limited to, the Company's dependence on a limited number of clients
for a significant portion of its revenues, uncertainty relating to its
clients' forming or plan to form joint venture with the Company's clients, the
economic slowdown in its principal geographic markets, the quality and
portfolio of its service lines and industry expertise, and the availability of
a large talent pool in China and inflation of qualified professionals' wages,
as well as the PRC government's investment in infrastructure construction and
adoption of various incentives in the IT service industry. Further information
regarding these and other risks, uncertainties or factors is included in
Pactera's filings with the U.S. Securities and Exchange Commission. All
information provided in this news release is as of the date of this news
release, and Pactera does not undertake any obligation to update any
forward-looking statement as a result of new information, future events or
otherwise, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Pactera's consolidated financial results presented in accordance
with GAAP, Pactera uses the following measures defined as non-GAAP financial
measures by the SEC: non-GAAP income from operations, non-GAAP net income and
non-GAAP diluted EPS and related margins which exclude share-based
compensation expense, amortization of acquired intangible assets and land use
right, merger-related costs, change in fair value of contingent consideration
payable for business acquisition, and compensation expenses related to
acquisition. The non-GAAP income from operations, net income and diluted EPS
for prior periods have been reclassified so that the presentations are
consistent. The presentation of these non-GAAP financial measures is not
intended to be considered in isolation or as a substitute for or superior to
the financial information prepared and presented in accordance with GAAP or as
being comparable to results reported or forecasted by other companies. For
more information on these non-GAAP financial measures, please see the tables
captioned "Reconciliations of non-GAAP Financial Measures to Comparable GAAP
Measures" and "Reconciliations of Forward-Looking Guidance for non-GAAP
Financial Measures to Comparable GAAP Measures" set forth at the end of this
news release.

Pactera believes that these non-GAAP financial measures provide meaningful
supplemental information regarding its performance by excluding certain
expenses and expenditures that may not be indicative of its operating
performance. The Company believes that both management and investors benefit
from referring to these non-GAAP financial measures in assessing the Company's
performance and when planning and forecasting future periods. A limitation of
using non-GAAP net income and non-GAAP diluted EPS is that these non-GAAP
measures exclude the share-based compensation charges, amortization of
acquired intangible assets and land use right, merger-related transaction and
integration costs, and change in fair value of contingent consideration
payable for business acquisition that have been and will continue to be, for
the foreseeable future, a significant recurring expense in the business.
Management compensates for these limitations by providing specific information
regarding the GAAP amounts excluded from each non-GAAP measure. The
accompanying tables have more details on the reconciliations between GAAP
financial measures that are comparable to non-GAAP financial measures. The
reconciliations of the forward-looking guidance for non-GAAP financial
measures to the most directly comparable GAAP financial measures in the
accompanying table include all information reasonably available to Pactera at
the date of this news release.

(1)Non-GAAP gross profit, non-GAAP operating income, non-GAAP net income,
non-GAAP basic and diluted net income per ADS and corresponding margins
presented in this press release exclude share-based compensation expense,
amortization of acquired intangible assets and land use right, merger-related
transaction and integration costs, and change in fair value of contingent
consideration payable for business acquisition and compensation expenses
related to acquisition. The non-GAAP measures and related reconciliations to
GAAP measures are described in the accompanying section of "About Non-GAAP
Financial Measures" and the accompanying tables of "Reconciliations of
Non-GAAP Financial Measures to Comparable GAAP Measures" and "Reconciliations
of Forward-Looking Guidance for Non-GAAP Financial Measures to Comparable GAAP
Measures" at the end of the news release.
(2)Based on equivalent weighted average ADSs outstanding of HiSoft for the
three months ended September 30, 2012, each American depositary share
representing 19 common shares.
(3)Based on weighted average ordinary shares outstanding of VanceInfo for the
three months ended September 30, 2012.



 HISOFT TECHNOLOGY INTERNATIONAL LIMITED
 Condensed Consolidated Balance Sheets (Unaudited)
 (US dollars in thousands, except share data)
                                        September30,2012  December31,2011
 ASSETS
 Current Assets
 Cash and cash equivalents              102,487             113,856
 Restricted cash                        2,030               1,222
 Term deposits                          16,186              21,681
 Account receivable, net                90,140              61,413
 Other current assets                   17,007              7,135
 Total current assets                   227,850             205,307
 Property, plant and equipment, net     13,329              13,774
 Goodwill and intangible assets, net    67,327              52,546
 Other long-term assets                 4,561               1,552
 Total assets                           313,067             273,179
 LIABILITIES AND EQUITY
 Current liabilities                    61,224              51,029
 (including current liabilities of the
 consolidated variable interest entity
 without recourse to Hisoft Technology
 International Limited of $242 and
 $238 as of September 30, 2012 and
 December 31, 2011, respectively)
 Other liabilities                      17,196              12,260
 Total liabilities                      78,420              63,289
 Total shareholder's equity             234,647             209,890
 Total liabilities and equity           313,067             273,179
 Note:
 As of September 30, 2012, there were 625,867,996 ordinary shares (32,940,421
 ADSs) issued and outstanding.
 As of December 31, 2011, there were 595,868,033 ordinary shares (31,361,475
 ADSs) issued and outstanding.

  



 HISOFT TECHNOLOGY INTERNATIONAL LIMITED
 Condensed Consolidated Statements of Operations (Unaudited)
 (US dollars in thousands, except for share, per share data)
                                                        Three months ended        Nine months ended
                                                        September 30,             September 30,
                                                        2012         2011         2012         2011
 Net revenues                                           79,572       58,874       216,829      154,053
 Cost of revenues                                       (51,270)     (37,925)     (140,013)    (101,025)
 Gross profit                                           28,302       20,949       76,816       53,028
 Operating expenses                                     (23,008)     (16,882)     (58,362)     (42,519)
 Income from operations                                 5,294        4,067        18,454       10,509
 Other income                                         833          854          2,888        2,073
 Netincomebeforeincometaxexpenses 6,127        4,921        21,342       12,582
 Income tax expenses                                  (1,287)      (416)        (3,569)      (1,259)
 Net income                                             4,840        4,505        17,773       11,323
 Less: Net income attributable to noncontrolling        (174)        (92)         (666)        (219)
 interest
 Net income attributable to Hisoft Technology
 International Limited                                  4,666        4,413        17,107       11,104
 Net income per share
 Basic                                                  0.01         0.01         0.03         0.02
 Diluted                                                0.01         0.01         0.03         0.02
 Weighted average shares used in calculating net income
 per common share
 Basic                                                  578,534,651  595,251,268  576,313,461  586,484,199
 Diluted                                                600,326,570  597,081,354  600,993,414  599,159,307
 Net income per ADS
 Basic                                                  0.15         0.14         0.56         0.36
 Diluted                                                0.15         0.14         0.54         0.35
 Weighted average ADS used in calculating net income
 per ADS
 Basic                                                  30,449,192   31,329,014   30,332,287   30,867,589
 Diluted                                                31,596,135   31,425,334   31,631,232   31,534,700



         HISOFT TECHNOLOGY INTERNATIONAL LIMITED
         Condensed Consolidated Statements of Comprehensive Income (Unaudited)
         (US dollars in thousands, except for share, per share data)
                                                ThreemonthsendedSeptember30,  NinemonthsendedSeptember30,
                                                2012                 2011         2012                2011
 Net income                                     4,840                4,505        17,773              11,323
 Othercomprehensiveincome,netoftax:
         Change in cumulative foreign exchange  2,491                739          1,513               3,876
         translation adjustment
 Comprehensive income                           7,331                5,244        19,286              15,199
 Less: Comprehensive income attributable to
 noncontrolling interest                        (195)                (104)        (673)               (252)
 Comprehensive income attributable to Hisoft
 Technology International Limited               7,136                5,140        18,613              14,947

                                 HISOFT TECHNOLOGY INTERNATIONAL LIMITED
                                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                 (in U.S. dollars in thousands)
                                                                                                                            Three months ended   Nine months ended
                                                                                                                            September 30,        September 30,
                                                                                                                            2012      2011       2012       2011
Cash flows from operating activities:
 Netincome  $ 4,840   $ 4,505    $ 17,773   $ 11,323
 Adjustments to reconcile net income to net cash provided by operating activities:
                                 (Reversal) provision for doubtful accounts                                                 (119)     (3)        (30)       205
                                 (Gain) loss on disposal of property, plant and equipment                                   (8)       6          (52)       38
                                 Depreciation                                                                               1,343     1,148      4,141      3,083
                                 Change in fair value of foreign-currency forward contract                                  (68)      (14)       (23)       39
                                 Success fee related to business acquisition                                                -         450        -          450
                                 Amortization of intangible assets                                                          1,555     787        3,763      1,633
                                 Interest expense                                                                          -         -          -          64
                                 Share-based compensation expenses                                                          1,417     1,806      5,223      4,097
                                 Changes in fair value of contingent consideration                                          463       788        117        1,440
 Changes in operating assets and liabilities:
                                 Accounts receivable                                                                        (2,737)   (4,926)    (22,469)   (13,362)
                                 Other current assets                                                                       (552)     (879)      (2,131)    1,242
                                 Income tax receivable                                                                      -         1,727      -          2,565
                                 Other assets                                                                               (696)     (262)      (934)      (329)
                                 Accounts payable                                                                           (1,245)   (164)      (2,521)    (656)
                                 Other liabilities                                                                          862       (3,449)    178        (3,490)
Net cash provided by operating activities                                                                                   5,055     1,520      3,035      8,342
Cash flows from investing activities:
 Term deposits                                                                                                              20,036    (32,356)   5,324      (32,356)
 Purchase of property, plant and equipment                                                                                  (1,052)   (2,066)    (3,381)    (5,906)
 Prepayment of buliding purchase ^(1)                                                                                       (6,507)   -          (6,507)    -
 Restricted cash                                                                                                            (582)     (458)      (788)      (782)
 Deferred and contingent consideration paid for business acquisition                                                        (5,145)   (4,607)    (7,233)    (5,607)
 Payment of success fee related to business acquisition                                                                     -         (450)      -          (450)
Net cash provided by (used in) investing activities                                                                         6,750     (39,937)   (12,585)   (45,101)
Cash flows from financing activities:
 Repayment of bank loan                                                                                                     (293)     -          (476)      (40,064)
 Cash received from non-controlling                                                                                         -         -          -          908
 Proceeds from issuance of common share under employee option plan                                                          129       489        1,399      4,658
 Deferred and contingent consideration paid for business acquisition                                                        (150)     (4,260)    (3,047)    (9,560)
Net cash used in financing activities                                                                                      (314)     (3,771)    (2,124)    (44,058)
Effect of exchange rate changes                                                                                            571       658        305        2,597
Net increase (decrease) in cash and cash equivalents                                                                        12,062    (41,530)   (11,369)   (78,220)
Cash and cash equivalents at beginning of period                                                                            90,425    133,203    113,856    169,893
Cash and cash equivalents at end of period                                                                                $ 102,487 $ 91,673   $ 102,487  $ 91,673
Note 1: We will purchase a campus facility in Wuxi. The facility consists of the building property, and the underlying leased payments for the land use right. The
current amount of prepayment in the third quarter of 2012 is principally made for the building portion and accordingly included under investing activities. Any
subsequent payments attributable to the leased payments for the land use right will be presented under operating activities.



 HISOFT TECHNOLOGY INTERNATIONAL LIMITED
 Reconciliations of Non-GAAP Financial Measures to Comparable GAAP Measures
 (US dollars in thousands, except per share data and percentages)
                                                                                            Three months ended         Nine months ended
                                                                                            September30,              September 30,
                                                                                            2012          2011         2012          2011
 GAAP operating income                                                                      5,294         4,067        18,454        10,509
 GAAPoperatingincome% 6.7%          6.9%         8.5%          6.8%
 Adjustments:
 - Share-based compensation                                                                1,417         1,806        5,223         4,097
 -Amortizationofacquiredintangibleassets                                              1,555         787          3,763         1,633
 - Change in fair value of contingent consideration payable for M&A                        463           788          117           1,440
 - Success fee related to business acquisition                                             -             450                        450
 - Compensation expenses related to acquisition                                            87            -            87            -
 - Merger related costs                                                                    2,388         -            2,388         -
 Non-GAAP operating income                                                                  11,204        7,898        30,032        18,129
 Non-GAAP operating income%                                                                 14.1%         13.4%        13.9%         11.8%
 GAAP net income                                                                            4,666         4,413        17,107        11,104
 GAAP net margin                                                                            5.9%          7.5%         7.9%          7.2%
 Adjustments:
 - Share-based compensation                                                                1,417         1,806        5,223         4,097
 - Amortization of acquired intangible assets                                              1,555         787          3,763         1,633
 - Change in fair value of contingent consideration payable for M&A                        463           788          117           1,440
 - Success fee related to business acquisition                                             -             450          -             450
 - Compensation expenses related to acquisition                                            87            -            87            -
 - Merger related costs                                                                    2,388         -            2,388         -
 Non-GAAP net income                                                                        10,576        8,244        28,685        18,724
 Non-GAAP net margin                                                                        13.3%         14.0%        13.2%         12.2%
 Non-GAAP net income per ADS
 Basic                                                                                      0.35          0.26         0.95          0.61
 Diluted                                                                                    0.33          0.26         0.90          0.59
 Weighted average ADS used in calculating non-GAAP net income per ADS
 Basic                                                                                      30,449,192    31,329,014   30,332,287    30,867,589
 Diluted                                                                                    31,596,135    31,425,334   31,631,232    31,534,700
 GAAP net income per ADS
 Basic                                                                                      0.15          0.14         0.56          0.36
 Adjustments:
 - Share-based compensation                                                                0.05          0.05         0.17          0.14
 - Amortization of acquired intangible assets                                              0.05          0.03         0.13          0.05
 - Change in fair value of contingent consideration payable for M&A                        0.02          0.03         0.01          0.05
 - Success fee related to business acquisition                                             -             0.01         -             0.01
 - Compensation expenses related to acquisition                                            -          * -            -          * -
 - Merger related costs                                                                    0.08          -            0.08          -
 Non-GAAP net income per ADS
 Basic                                                                                      0.35          0.26         0.95          0.61
 GAAP net income per ADS
 Diluted                                                                                    0.15          0.14         0.54          0.35
 Adjustments:
 - Share-based compensation                                                                0.04          0.05         0.16          0.13
 - Amortization of acquired intangible assets                                              0.05          0.03         0.12          0.05
 - Change in fair value of contingent consideration payable for M&A                        0.01          0.03         -             0.05
 - Success fee related to business acquisition                                             -             0.01         -             0.01
 - Compensation expenses related to acquisition                                            -          * -            -          * -
 - Merger related costs                                                                    0.08          -            0.08          -
 Non-GAAP net income per ADS
 Diluted                                                                                    0.33          0.26         0.90          0.59
 * Less than 0.01



VANCEINFO TECHNOLOGIES INC.
Condensed Consolidated Balance Sheets (Unaudited)
(US dollars in thousands, except share data)
                                          September 30,         December 31,
                                          2012                  2011
Assets
Current assets
Cash and cash equivalents                 78,431                96,170
Term deposits                             -                     5,000
Restricted cash                           1,776                 1,587
Held-to-maturity securities-current       -                     9,401
Account receivable, net                   164,055               126,389
Other current assets                      14,929                16,042
Total current assets                      259,191               254,589
Property and equipment, net               48,724                36,580
Goodwill and other intangible assets      74,665                67,807
Land use right                            23,582                23,884
Other long-term assets                    3,910                 3,036
Total assets                              410,072               385,896
Liabilities and equity
Current liabilities                       70,387                66,438
Non-current liabilities                   11,636                16,014
Total liabilities                         82,023                82,452
Equity ^(a)                               328,049               303,444
Total liabilities and equity              410,072               385,896
Note:
(a) As of September 30, 2012, there were 44,833,928 ordinary shares issued and
42,439,355 ordinary shares outstanding,
excluding 2,394,573 treasury stocks in the form of ADSs
repurchased from the open market.



VANCEINFO TECHNOLOGIES INC.
Condensed Consolidated Statements of Comprehensive income (Unaudited)
(US dollars in thousands, except per share data)
                              Three months ended       Nine months ended
                              September 30,            September 30,
                              2012         2011        2012         2011
Net revenues                  96,240       70,294      277,093      195,949
Cost of revenues ^(a)         (66,020)     (46,312)    (188,912)    (125,619)
Gross profit                  30,220       23,982      88,181       70,330
Operating expenses ^(a)       (27,236)     (21,768)    (76,618)     (54,252)
Change in fair value of
contingent consideration      2,152        372         2,236        974
payable
 for business acquisition
Income from operations        5,136        2,586       13,799       17,052
Other income                  709          764         1,543        2,083
Income before income taxes
and earnings in equity method 5,845        3,350       15,342       19,135
 investment
Provision for income taxes    (927)        (160)       (2,441)      (1,848)
Income before earnings in     4,918        3,190       12,901       17,287
equity method investment
Earnings(Loss)earnings in     4            -           35           (34)
equity method investment
Net income                    4,922        3,190       12,936       17,253
Income attributable to
VanceInfo Technologies Inc.   4,922        3,190       12,936       17,253
shareholders
Earnings per share
Basic - ordinary shares       0.12         0.07        0.31         0.40
Diluted - ordinary shares     0.11         0.07        0.30         0.38
Net income                    4,922        3,190       12,936       17,253
Other comprehensive income,   2,397        2,765       853          6,275
net of tax
Comprehensive income          7,319        5,955       13,789       23,528
Comprehensive income
attributable to VanceInfo     7,319        5,955       13,789       23,528
Technologies Inc.
 Shareholders
Weighted average shares
outstanding (in thousands)
Basic - ordinary shares       42,418       43,090      42,211       43,530
Diluted - ordinary shares     43,698       44,996      43,623       45,736
Note:
(a) Depreciation and amortization expenses included in cost of revenues and
selling, general and administrative expenses totaled $3,480 and $2,839 for the
three months ended September 30, 2012 and 2011, respectively and $10,072 and
$7,451 for the nine months ended September 30,2012 and 2011,respectively.
 Share-base compensation included in cost of revenues and selling, general
and administrative expenses totaled $2,276 and $2,262 for the three months
ended September 30, 2012 and 2011, respectively and $6,813 and $6,124 for the
nine months ended September 30,2012 and 2011,respectively.



VANCEINFO TECHNOLOGIES INC.
Condensed Consolidated Statements of Cash Flow (Unaudited)
(US dollars in thousands)
                                                       Three months      Nine months ended
                                                       ended September    September 30,
                                                       30,
                                                       2012      2011     2012      2011
Cash flows from operating activities:
      Net income                                     4,922     3,190    12,936    17,253
 Adjustments to reconcile net income to net cash
 provided by operating activities:
      Share-based compensation                       2,276     2,262    6,813     6,124
      Depreciation and amortization of property and   2,156     1,783    6,107     5,156
      equipment
      Amortization of intangible assets              1,205     1,056    3,605     2,295
      Amortization of land use right                 119       -        360       -
      Change in fair value of foreign-currency        (9)       32       (88)      270
      forward contracts
      Loss on disposal of property and equipment     29        14       43        21
      Allowance for doubtful accounts                185       48       1,379     (247)
      Change in fair value of contingent              (2,152)   (372)    (2,236)   (974)
      consideration
      (Earnings) loss in equity method investment    (5)       -        (36)      35
      Gain on remeasurement of fair value             -         (701)    -         (1,215)
      of noncontrolling equity investment
 Changes in operating assets and liabilities
      Accounts receivable                            (11,018)  (137)    (37,759)  (16,017)
      Other current assets                           40        (23)     732       (343)
      Other assets                                   2         (64)     (247)     (45)
      Accounts payable                               389       127      (1,158)   (461)
      Other liabilities                              7,509     (2,681)  (1,685)   (3,886)
      Prepaid land use right                         -         (5,132)  -         (5,132)
Net cash provided by (used in) operating activities  5,648     (598)    (11,234)  2,834
Cash flows from investing activities
      Purchase of property and equipment             (2,926)   (1,660)  (7,325)   (5,239)
      Payment for construction in progress           (1,639)   -        (10,078)  -
      Consideration paid for business acquisitions   -         (659)    (694)     (9,745)
      Term deposit                                   -         -        5,000     -
      Restricted cash                                1,395     (1,104)  (189)     (873)
      Payment for settlement of foreign currency      (42)      (339)    (42)      (339)
      forward exchange contracts
      Investments - held-to-maturity                 2,000     3,245    9,250     206
Net cash used in investing activities                (1,212)   (517)    (4,078)   (15,990)
Cash flows from financing activities
      Proceeds from exercise of options              340       (223)    1,807     2,581
      Payment for issuance costs of ordinary shares   -         -        -         (52)
      upon share offering in 2010
      Consideration paid for business acquisitions   (1,072)   -        (4,076)   -
      Repurchase of ordinary shares                  -         (7,946)  -         (28,977)
      Short-term bank loan                           (1,578)   24       6         (1,518)
Net cash used in financing activities                (2,310)   (8,145)  (2,263)   (27,966)
Effect of exchange rate changes on cash              (127)     857      (164)     1,675
Netincrease(decrease)incashandcashequivalents 2,126     (9,260)  (17,575)  (41,122)
Cash and cash equivalents, beginning of period       76,432    130,221  96,170    161,265
Cash and cash equivalents, end of period             78,431    121,818  78,431    121,818



VANCEINFO TECHNOLOGIES INC.
Reconciliations of Non-GAAP Financial Measures to Comparable GAAP Measures
(US dollars in thousands, except per share data and percentages)
                       ThreemonthsendedSeptember30,2012  ThreemonthsendedSeptember30,2011
                       GAAP                 Adjustments                 Non-GAAP        GAAP                 Adjustments                Non-GAAP
Incomefromoperations $5,136               $3,410            (a)       $8,546            $2,586               $2,946            (b)      $5,532
Operating margin       5.3%                 3.6%              (a)       8.9%              3.7%                 4.2%              (b)      7.9%
Net income             $4,922               $3,410            (a)       $8,332            $3,190               $2,946            (b)      $6,136
Net margin             5.1%                 3.6%              (a)       8.7%              4.5%                 4.2%              (b)      8.7%
Diluted EPS           $0.11                $0.08             (e)       $0.19             $0.07                $0.07             (e)      $0.14
                       Nine months ended September 30, 2012                               Nine months ended September 30, 2011
                       GAAP                 Adjustments                 Non-GAAP          GAAP                 Adjustments                Non-GAAP
Income from operations $13,799              $10,504           (c)       $24,303           $17,052              $7,445            (d)      $24,497
Operating margin       5.0%                 3.8%              (c)       8.8%              8.7%                 3.8%              (d)      12.5%
Net income             $12,936              $10,504           (c)       $23,440           $17,253              $7,445            (d)      $24,698
Net margin             4.7%                 3.8%              (c)       8.5%              8.8%                 3.8%              (d)      12.6%
Diluted EPS           $0.30                $0.24             (e)       $0.54             $0.38                $0.16             (e)      $0.54
Notes:
(a) Adjustment to exclude acquisition related intangible assets amortization expense of $1,205, land use right amortization expense of $119, change in
fair value of contingent consideration payable for business acquisition of $(2,152), merger-related costs of $1,962 and share-based compensation of
$2,276 from the unaudited condensed consolidated statements of operations.
(b) Adjustment to exclude acquisition related intangible assets amortization expense of $1,056, change in fair value of contingent consideration
payable for business acquisition of $(372) and share-based compensation of $2,262 from the unaudited condensed consolidated statements of operations.
(c) Adjustment to exclude acquisition related intangible assets amortization expense of $3,605, land use right amortization expense of $360, change in
fair value of contingent consideration payable for business acquisition of $(2,236), merger-related costs of $1,962 and share-based compensation of
$6,813 from the unaudited condensed consolidated statements of operations.
(d) Adjustment to exclude acquisition related intangible assets amortization expense of $2,295, change in fair value of contingent consideration
payable for business acquisition of $(974), and share-based compensation of $6,124 from the unaudited condensed consolidated statements of
operations.
(e) Non-GAAP diluted EPS is computed by dividing non-GAAP net income attributable to VanceInfo Technologies Inc. by the weighted average number of
diluted ordinary shares outstanding used in computing the GAAP diluted EPS for the respective periods.



PACTERA TECHNOLOGY INTERNATIONAL LTD.
Reconciliations of Forward-Looking Guidance for
Non-GAAP Financial Measures to Comparable GAAP Measures
(US dollars in thousands, except per share data)
(Unaudited)
               Three months ending December 31, 2012
               GAAP                     Adjustments        Non-GAAP
               Range of Estimate                           Range of Estimate
Diluted EPS    0.10       0.12          0.12          (b)  0.22      0.24
(a)
Notes:
(a) Based on 68.9 million total ADS-equivalent average shares outstanding for
the fourth quarter 2012.
(b) Reflects estimated adjustment for acquisition related intangible assets
amortization expenses, land use right amortization expense, merger related
transaction costs and share-based compensation expenses of approximately $8.3
million for the fourth quarter 2012. Additional merger integration costs have
not been reflected in the adjustment, but will be a non-GAAP adjustment item
when the amounts become available.



For further information, please contact:

Sheryl Zhang
Investor Relations
Pactera Technology International Ltd.
Tel: +86-10-8282-5330
E-mail: ir@pactera.com

SOURCE Pactera Technology International Ltd

Website: www.pactera.com