The Digital Source For China's Tech Innovation Since 2000

Search
Close

AsiaInfo Issues Q2 2007 Results

July 27, 2007
Telecom & Wireless

AsiaInfo (ASIA) has announced its second quarter results for the period ended June 30, 2007.

Steve Zhang, AsiaInfo's president and CEO, says, "Industry-wide recognition of AsiaInfo's leading telecom software development capabilities coupled with emerging market opportunities and an in-depth understanding of our customers led to healthy growth during the quarter."

Meeting guidance, net revenue for the second quarter of 2007 was US$26.6 million, an increase of 40% year-over-year, and an increase of 13% sequentially. Net income from continuing operations for the second quarter of 2007 was US$2.5 million, or US$0.06 per basic share. This compares to US$1.1 million or US$0.02 per basic share in the year-ago period, and US$5.0 million or US$0.12 per basic share in the previous quarter.

During the second quarter of 2007, the Lenovo-AsiaInfo business unit contributed approximately 13% to net revenue, including a 15% contribution to software products and solutions revenue and a 2% contribution to service revenue. Lenovo-AsiaInfo contributed 7% to the Company's net revenue in the year-ago period and 9% in the previous quarter.

Tags: ASIA | AsiaInfo | Business | CEO | development | LED | Lenovo | president | revenue | service | share | Software | software development | Steve Zhang | telecom

Other Related News:

Taiwan companies increase investment in compound semiconductors

December 15, 2021

Naspers tumbles even as Tencent quashes China crackdown fears

February 21, 2022

China Mobile Eyes Roaming Service In Taiwan

March 16, 2009

Schroder Investment Management Group Acquires 5,226,075 Shares of Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

January 30, 2022

Tesla to get boost in China as officials ponder EV subsidies extension after 2022: report

May 19, 2022

Shanda Diversifies Revenue Base In Quarterly Earnings

August 11, 2004

Fake Tencent Instant Messaging Website Causes Confusion

February 23, 2005

China's 360buy.com Publishes Latest Operating Statistics

April 25, 2012

Green Alpha Advisors LLC Boosts Stock Holdings in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Ticker Report

November 21, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
Menu
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2022 ChinaTechNews.com. A Service of Asia Media Network.
Twitter
Posting....