Sales Flat for CDC in Third Quarter

The software division of the China-based company fails to grow sales, but increases maintenance revenue to end up where it was in Q3 of last year.


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Posted on Nov 07, 2008

CDC Corp., the diversified parent company of CDC Software, reported on Thursday that sales of its enterprise software remained flat year over year, totaling $89.5 million for the third quarter ended Sept. 30, 2008.

License sales for CDC Software, the corporation’s biggest division,

dropped 16% year over year to $12.8 million. Software consulting and services revenue fell 15% to $21.1 million. Meanwhile, maintenance sales and global services revenue both grew 12%, logging nearly $24 million each.

At the corporate level, only an 83% run-up in sales at CDC’s Games unit, which offers video games across various media platforms, kept overall revenue from a year-over-year decline. Total sales at CDC Corp. came in at $103.8 million, up from last year’s Q3 total of $98.4 million.

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