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by David R. Brousell, MA Editorial Staff
Posted on Friday, March 30, 2007 4:31:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Citing demand for its ERP and CRM applications that has outstripped market growth, CDC closes the books on a year of strong growth. |
| Keywords: | CDC Software earnings, ERP demand, CRM demand, CDC quarterly results |
CDC Software, a unit of Beijing, China-based CDC Corp., yesterday reported a 35% increase in revenue for the fourth quarter, ended Dec. 31, 2006. Total revenue for the software unit, which is home to such brands as Ross Systems and Pivotal, rose to $68.1 million from $50.5 million in the fourth quarter of 2005. Software license revenue jumped 45% to $14.8 million. For the full year, CDC Software revenue rose 19.1% to $240.2 million, from $201.7 million. During a conference call with financial analysts, Atlanta-based CDC Software President Eric Musser attributed the strong results to a combination of organic growth, acquisitions, and a focus on vertical industries, such as food processing, chemicals, biotechnology, and pharmaceuticals, in addition to non-manufacturing businesses, such as financial services. [Click to continue] |
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