Marbridge Daily

<- May 11, 2010 ->

CDC Corporation Records Q1 2010 Net Loss of USD 4 Mln

CDC Corporation PR, 5/10/10

Chinese global enterprise software and new media company CDC Corporation (Nasdaq: CHINA) has announced its financial results for the first quarter of 2010, with total revenue reaching USD 77.8 mln, down 1.3% YoY.

Net loss attributable to the controlling interest was USD 3.6 mln, compared to net income of USD 7.9 mln in Q1 2009.

Revenue from subsidiary CDC Software (Nasdaq: CDCS) rose less than 1% YoY to USD 50.53 mln. Revenue from CDC Global Services fell 17.1% YoY to USD 16.44 mln. Revenue from CDC Games rose 27.3% YoY to USD 7.97 mln. Revenue from China.com (8006.HK) rose 21% YoY to USD 2.9 mln.

Total peak concurrent users (PCU) in the first quarter of 2010 was up approximately four percent from the fourth quarter of 2009, and total average concurrent users (ACU) increased approximately five percent in the first quarter compared to the fourth quarter of 2009.

In April 2010, CDC Games launched a new domestic game in China called East Fantasy Online, a cartoon type 3D massive multiplayer online action role playing game (MMOARPG). CDC Games plans to launch another domestic game, Richman Universe Online, a casual MMORPG, this summer. Another local game also is planned for later this year.

In the first quarter of 2010, CDC Games launched a new version of Yulgang, version 4.0. Since its launch, the game has shown strong increases in PCU. Another new update for Yulgang is planned for later this year, and major updates for Shaiya and Eve Online are also planned later in the second quarter. We also believe that LOTRO is on track for commercial launch later this year.

For CDC Corporation's full earnings report, please click here.

 
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