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by Jeff Moad, MA Editorial Staff Posted on Tuesday, August 22, 2006 5:59:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | CDC Corp's enterprise software business rises 8% to $57.7 million in second quarter, although license revenue drops to $10 million from $10.7 million in the year-earlier period; net profits total $7.9 million, on revenues of $77 million. |
| Keywords: | CDC Software, CDC Corp. second quarter financial results, Ross Systems, Pivotol Corp. |
Although growth of its enterprise software business slowed somewhat CDC Corp. today reported a 19% gain in total revenues to $77 million for the quarter ended June 30. Thanks to ongoing consolidation and cost-reduction efforts, CDC (Hong Kong) achieved net income for the quarter of $7.9 million, up substantially over the $36,000 in earnings reported by the company in the second quarter of 2005. "We were pleased indeed with the results of our second quarter," said CDC Corp. CEO Peter Yip on a conference call with financial analysts. "We now have the global scale, infrastructure, management team, and balance sheet needed to sustain and accelerate our growth both through continued organic operations and target acquisitions." [Click to continue] |
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