"Looking into the next quarter and the remainder of the year, we see enormous opportunities for growth amongst our key clients as they continue to penetrate into tier three and four cities, and also with multi-nationals clients as they expanded their footprints in China."
Mr. Yan concluded, "The continued sequential increase that brings the backlog to RMB152.0 million demonstrates the success of our sales strategy in expanding our client base and service offerings in store IT operation management through smart technology such as cloud, data and business analytics. We have received great feedback for our new offline-to-online offering, Omni-Channel Solution, which helps enable clients to meet the emerging requirement of businesses to connect and operate over the internet. We expect these offerings to drive expansion in the second half of the year. We remain focused in the execution of our strategy and the enhancement of our cost structure to ensure we are well positioned to capitalize opportunities in China's consumer market."
SECOND QUARTER 201 3 FINANCIAL RESULTS
RevenueTotal revenue for the second quarter 2013 increased 15% to RMB45.1 million (US$7.3 million) from RMB39.3 million in the second quarter 2012. Revenue Breakdown
|RMB '000||RMB '000||USD '000||Y-o-Y Change|
|Software license sales||15,548||12,879||2,099||-17%|
|Service fee income||20,575||19,862||3,236||-3%|