Bio-Imaging Technologies saw a big jump in its third quarter revenues thanks to the March 2008 acquisition of eClinical company Phoenix Data Systems (PDS).

Service revenues for the Newtown, Pa., CRO grew 57.9% to $15.1 million for the third quarter fiscal 2008, compared with $9.6 million for the same period last year. PDS accounted for $4 million of revenue.

Although company president and CEO Mark Weinstein expressed concerns about the weakening economy, the company reiterated its full-year 2008 guidance of $53 to $56 million and earnings per share of $0.23 and $0.25.