Business

CDC Corporation Reports Q1 Revenues

Multi-faceted company CDC Corporation (CHINA) has announced its financial results for the quarter ending March 31, 2007.

The company says total quarterly revenue was US$91.3 million, an increase of 41.4 percent from US$64.6 million in the first quarter of 2006.

"We are pleased to report another record revenue quarter, as we continue to execute," said Peter Yip, CEO of CDC Corporation. "Despite the challenges we faced this quarter, which included the typical seasonal slowdown associated with software companies, challenges confronting the mobile application space in China, as well as our efforts in building a strong pipeline of new games in China, we delivered our best revenue quarter ever, as we demonstrated annual growth of over 41 percent."

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