CHINA
CDC Corp. Swings to Small Profit in the Second Quarter on Strong Revenue Growth
HONG KONG (AP) -- Software provider CDC Corp. on Friday reported a small profit for the second quarter, reversing a year-ago loss, driven by strong revenue growth.
Net income was $36,000, or nil per share, compared with a loss of $2 million, or 2 cents per share, a year earlier. Adjusted to exclude certain nonoperating costs, the company posted net income of $5.4 million, or 5 cents per share, in the latest quarter versus a profit of $2.7 million, or 3 cents per share, a year earlier.
HONG KONG (AP) -- Software provider CDC Corp. on Friday reported a small profit for the second quarter, reversing a year-ago loss, driven by strong revenue growth.
Net income was $36,000, or nil per share, compared with a loss of $2 million, or 2 cents per share, a year earlier. Adjusted to exclude certain nonoperating costs, the company posted net income of $5.4 million, or 5 cents per share, in the latest quarter versus a profit of $2.7 million, or 3 cents per share, a year earlier.
posted by Gordengekko at 9:23 AM
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