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CDC Corporation Issues 2007 Annual Results
April 30, 2008 |
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CDC Corporation (CHINA) has finally blessed investors with its financial results for the fourth quarter and year-ended December 31, 2007.
"Despite the economic downturn, I believe our company is in a strong position," said Peter Yip, CEO, CDC Corporation. "We finished 2007 with record Q4 revenue of US$107.7 million while our software business achieved record milestones for the full year in all key metrics including license, maintenance and services revenue, and adjusted net income."
Total revenue from CDC Software for 2007 was US$349.0 million, an increase of 45% from US$240.8 million in 2006. Revenue from CDC Games for 2007 was US$33.6 million, an increase of 25% from US$26.8 million in 2006. The China.com segment, excluding the discontinued MVAS business, generated paltry revenue of US$11.4 million in 2007, an increase 13% from US$10.1 million in 2006. Total revenue for full year 2007 was US$402.4 million, an increase of 30% from US$309.5 million in 2006.
Total revenue for CDC Corporation in Q4 2007 was US$107.7 million, an increase of 20% from US$ 89.4 million in Q4 2006. This represents the highest quarterly revenue in the company’s history. Net loss was US$91.2 million for Q4 2007, compared to a loss of US$2.2 million in Q4 2006.
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