View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Software
May 12, 2009

China Information Security Technology Q1 net income up

Revenue up 4% on year-ago quarter

By CBR Staff Writer

China Information Security Technology, an application software developer, has reported a net income attributable to the company of $3.75m, or basic and diluted earnings per share of $0.08, for the first quarter of 2009, up 5% compared to $3.58m, or basic and diluted earnings per share of $0.08, for the same quarter of 2008.

For the first quarter of 2009, total revenues were $14.98m, up 4% compared to $14.4m for the same quarter of 2008. Gross profit was $7.48m, compared to $6.05m for the same quarter of 2008.

The company has reported income from operations for the first quarter of 2009 was $4.17m, up 12% compared to $3.83m for the same quarter of 2008.

Jiang Lin, chairman and CEO of China Information Security Technology, said: Though the first quarter has seasonally been a slow quarter for us because of the Chinese New Year holiday, the first three months of 2009 was even slower than anticipated, primarily due to the unexpected effect of the PRC stimulus plan on our operations.

We had previously viewed the stimulus plan as a potential additional growth driver for our business. While we continue to be pleased with our business opportunities, our product portfolio, our brand, and our leading market position, we believe that it is prudent for us to revise our year 2009 guidance to reflect the temporary deferment of local government spending.

Content from our partners
Why food manufacturers must pursue greater visibility and agility
How to define an empowered chief data officer
Financial management can be onerous for CFOs, but new tech is helping lighten the load

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.