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CDC Software achieves higher gross profit
18
Jan '08
CDC Software, a wholly-owned subsidiary of CDC Corporation and a leading provider of industry-specific enterprise software applications and business services announced preliminary revenue results for the fourth quarter of 2007.

Based on preliminary financial data, CDC Software expects total revenues for the fourth quarter of 2007 ended December 31, 2007, to be between US$92 million and US$95 million, which would be a record for the company and an increase of 35% to 39% from US$68.3 million in the fourth quarter of 2006.

Software license revenues are expected to be between US$17.5 million and US$18.5 million which would represent an increase of 14% to 20% from US$15.4 million in the fourth quarter of 2006.

"We are proud to finish 2007 off on a strong note as CDC Software achieved several significant milestones from a growth and operational perspective during the year," said Eric Musser, President and CEO of CDC Software. "We have grown our revenues at a significantly higher rate than the overall software industry, which is the result of our vertical focus, strong execution and well-targeted acquisitions."

The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Games focused on online games, and China.com focused on portals for the greater China markets.

CDC Software, The Customer-Driven Company, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability.

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