DALLAS, June 15, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring CDC Corp. (Nasdaq:CHINA). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/CHINA
CDC Corp. (CHINA) is a global enterprise software and new media company with facilities in the People's Republic of China, North America, Europe and Australia. The Company offers products and services to the customers in Hong Kong, Taiwan, the People's Republic of China and other parts of Asia, Australia, New Zealand, North America, South America, the United Kingdom and the rest of Europe. The Company operates in four business segments: CDC Software, CDC Global Services, CDC Games and China.com. In March 2008, the Company completed the acquisition of 51% interest in ISL Technologies Limited. In July 2008, the Company completed the acquisition of Dynamic Business Consultants Pty Limited.
Message Board Search for CHINA: http://www.boardcentral.com/boards/CHINA
In the report, the analyst notes:
"CHINA recently announced financial results for the quarter ended March 31, 2010. For the first quarter of 2010, CHINA reported Adjusted EBITDA from continuing operations or Adjusted EBITDA of $8.4 million, a 17% increase from Adjusted EBITDA of $7.2 million for the first quarter of 2009. For the first quarter of 2010, Non-GAAP revenue was $79.0 million compared to $78.8 million in the first quarter of 2009.
"CDC Software Corp. (CDCS) recently announced that based on preliminary financial projections and estimates, the company expects second quarter 2010 application sales…to be in the range of about $10.2 million to $10.9 million, an increase of approximately 33% to 42% compared to $7.7 million in the second quarter of 2009, primarily due to increased new logo sales for its on-premise solutions, and expanded cloud sales as a result of acquisitions, investments and organic growth."
To read the entire report visit: www.microstockprofit.com/lp/CHINA
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