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CDC Corporation Records USD 10m Q2 Loss
Press Releases, 8/07/08
Enterprise software developer and new media company CDC Corporation (Nasdaq: CHINA) has announced its financial results for Q2 2008, with total revenues reaching USD 111 mln, up 10% year-on-year and 13% quarter-on-quarter.
Net loss from continuing operations in Q2 2008 was USD 10.1 mln, compared to a loss of USD 2.7 mln in Q2 2007.
Total revenue for the quarter from its CDC Software subsidiary was USD 96.2 mln, up 9% YoY, comprised of software licensing revenue (USD 14.8 mln), maintenance revenue (USD 26.8 mln), software consulting and services revenue (USD 25.4 mln), global services revenue (USD 27.0 mln), and hardware revenue (USD 2.2 mln).
Total revenue for the company’s online gaming subsidiary, CDC Games, was USD 10.8 mln, up 24% QoQ, with the increase being driven by its 3D MMORPG Yulgang, and the majority of revenue coming from its China operations.
Total revenue for the company’s China.com portal and media services businesses was USD 4.1 mln, up 39% YoY.
During the quarter, the company also repurchased 262,457 shares of its common stock, at an average cost basis of USD 2.9 per share.
To see CDC Corporations’s full Q2 earnings report, please click here.
Keywords: portal, Internet, wireless, WVAS, SP, CDC, CDC Games, CDC Software, CHINA, China.com, enterprise software, MMORPG, online gaming, Q2 2008, software, Yulgang, fiscal report
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