CDC swings to quarterly income; revenue gains
By Ruth Mantell
Last Update: 4:39 PM ET Nov 14, 2006
SAN FRANCISCO (MarketWatch) -- CDC Corp. (CHINAcdc corp shs a
CHINA ) after Tuesday's closing bell said it swung to third-quarter net income, as revenue gained, of $3.1 million, or 2 cents a share. For the same period in the prior year, the enterprise software company reported a net loss of $1.24 million, or a penny a share. Before items, quarterly per-share income rose to 9 cents from 3 cents in the prior year. CDC said revenue for the third quarter rose to $78.2 million from $61.9 million in the prior year. For fiscal 2006, the company sees revenue of $303 million to $307 million, and adjusted income of $32 million to $33.3 million. For fiscal 2007, the company sees revenue of $401 million to $411 million, and adjusted income of $55 million to $60 million.
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