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Technology / AI and automation

Digital China posts 22% revenue growth

China’s integrated IT service provider Digital China, has reported a revenue of HK$13bn (approximately US$1.67bn) for the first quarter of the FY10, an increase of 22.04% over the corresponding period last financial year.

The company’s gross profit increased to HK$829m (approximately US$106.5m) from HK$684m (approximately US$87.9 m) of the same period last year.

For Q2 FY10, the company posted a profit of HK$291m (approximately US$37.4) and diluted earnings per share of 28.34 HK cents.

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Digital China Chairman and CEO Guo Wei said that for the three months ended 30 June 2010, the Group reported significant growth in contract values of software and services as the services business sector capitalised on the market rebound, while the distribution business sustained rapid growth after seizing market share.

"However, uncertainties remain in the economic recovery and customers are cautious on IT spending. In order to deal with such situation, the Group will continue to implement the transformation strategy of being "customer-focused and service-oriented," Wei said.

"We will uncover opportunities in sub-segment markets and take marketing campaigns to new frontiers with an ongoing effort to forge an excellent marketing regime."

This article is from the CBROnline archive: some formatting and images may not be present.

CBR Staff Writer

CBR Online legacy content.