CDC Software 3Q Profit Rises On Lower Costs
NEW YORK (AP) ¿ CDC Software Corp., a Chinese business software developer whose shares began trading in the United States last summer, said Monday its third-quarter profit rose 47 percent on lower costs and expenses.
Profit rose to $6.2 million, or 22 cents per share, in the three months ended Sept. 30 compared with a profit of $4.2 million, or 15 cents per share, a year prior.
Revenue fell 20 percent to $48.6 million from $60.5 million.
Excluding charges, the company said it earned 33 cents per share. Analysts polled by Thomson Reuters expected profit of 31 cents per share on revenue of $48.7 million.
Cost of revenue fell 23 percent to $21.4 million while operating expenses fell 43 percent to $20 million. CDC Software provides business software applications that enable customers to increase revenue and control costs by automating business processes and making it easier to access critical information. The company is controlled by CDC Corp., a business software maker based in Hong Kong. In August, CDC sold 4.8 million American depositary shares of CDC Software at $12 a share. They ended trading Friday at $10 a share. CDC still owns an 83 percent stake and a 98 percent voting interest in CDC Software.Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
Product Features:
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
Product Features:
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Stocks Under $10
TRY IT FREEDavid Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Product Features:
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
- Weekly roundups
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
Product Features:
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
Product Features:
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV
