View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data
November 22, 2009

CDC Software Q3 revenue down 20% to $48.6m

Posts net income of $6.15m, compared to $4.23m for same period last year

By CBR Staff Writer

CDC Software has reported revenue of $48.6m for the third quarter of 2009, a decrease of 20% compared to $60.5m for the same period last year. License revenue, maintenance revenue, services revenue and hardware revenue were 16%, 52%, 31% and 1%, respectively, of total revenue.

Operating income for the quarter was $7.2m, up compared to $5.6m for the third quarter of 2008. Operating margin was 15% during the quarter. Gross profit increased to $27.2m from $26.9m and gross margin remained flat at 56%.

The company has posted a net income of $6.1m for the third quarter of 2009, an increase compared to $4.23m for the same period last year. Earnings per share increased to $0.22 from $0.15.

Peter Yip, CEO of CDC Software, said: “We are pleased that we exceeded Wall Street consensus estimates for third quarter GAAP net income and Non-GAAP net income per share, which are key financial metrics for our company. In addition, our cash flow from operations of $19.2m represented an increase of more than 200% from the same period last year and is the highest on record for CDC Software.

Content from our partners
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system
How tech leaders can keep energy costs down and meet efficiency goals

“Our fourth quarter sales pipeline has continued to increase and has shown steady growth over the last four quarters. In addition, our cross-sell opportunities in the fourth quarter have continued to increase as well as the mix of new logo customer as a percentage of license sales.”

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.