While I remain unconvinced the acquisition of Coretec was the right move at this time, I must applaud DDi for its deft moves to bring the company four straight quarters of net profits in 2009. That’s not something many publicly traded board shops can brag about.

Something to watch going forward is whether the company ups its capex spending. For obvious reasons, 2009 should be considered an outlier, but DDi’s capex budget was $3.6 million on $158 million in sales, or roughly 2.3 of revenues%. Given the need for companies like DDi to remain ahead of the technology curve, that number probably needs to rise going forward.