NEW DELHI, INDIA: GlobalLogic, a provider in software product development services, announced today 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 from various verticals.

The company’s revenue increased 40 per cent through the first six months of its fiscal year, with GlobalLogic exceeding $100M in revenue for the first time, said a press release.

In addition, GlobalLogic grew its employee base nearly 20 per cent during the quarter, reaching 3,000 employees worldwide. Despite the global economic slowdown, its business outlook remains promising and robust and expects to continue its quarter over quarter growth, the release added.

“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.

“Our technology clients, both early stage and established, are able to utilize their GlobalLogic partnership to attain product quality, economy and time-to-market benefits through access to our product engineering centers in the US, India, Ukraine and China.”

During the first half of its fiscal year, GlobalLogic won new clients including Microsoft, Yahoo, Qualcomm, JDSU, Genband and Avid, the release added.