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by Chris Chiappinelli, MA Editorial Staff
Posted on Wednesday, November 15, 2006 4:31:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Growth in software business and other divisions helps deliver record revenues, while a new investor transaction raises the prospects of an IPO for either the software or the games division. |
| Keywords: | CDC Corp., CDC Software, Ross Systems, China.com, IPO, revenue, earnings call, third quarter results |
CDC Corp. rode a rebound in its global software business to a record quarter of revenues, the company announced yesterday. Third-quarter revenue for the Hong Kong-based diversified company reached $78.2 million, a 26.3% improvement over the $61.9 million recorded in the same period in 2005. The top line helped put the bottom line in the black. Net income for the quarter, measured on a GAAP basis (generally accepted accounting principles), climbed to $3.1 million from a loss of $1.2 million in the same period in 2005. For the quarter ended September 30, the CDC Software group, which includes Ross Systems, Pivotal Software, and c360 Software, accounted for $61.4 million of total revenue, a 22.5% increase over its year-ago total of $50.1 million. The software group signed 237 new enterprise customers in the quarter, which contributed 46% of the license revenue for the group. The company does not break out profitability on a group basis. [Click to continue] |
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