CDC Corporation (NASDAQ: CHINA), a leading global enterprise software and new media company, today announced its financial results for the fourth quarter and year-ended December 31, 2007. Total revenue for full year 2007 was (U.S.)$402.4 million, an increase of 30 percent from (U.S.)$309.5 million in 2006. Adjusted net income(a) was (U.S.)$18.7 million for 2007. Non-GAAP cash and cash equivalents(c) were (U.S.)$255.2 million as of December 31, 2007.
Full Year 2007 Results:
Total revenue from CDC Software for 2007 was (U.S.)$349.0 million, an increase of 45 percent from (U.S.)$240.8 million in 2006.
Revenue from CDC Games for 2007 was (U.S.)$33.6 million, an increase of 25 percent from (U.S.)$26.8 million in 2006.
The China.com segment, excluding the discontinued MVAS business, generated revenue of (U.S.)$11.4 million in 2007, an increase 13 percent from (U.S.)$10.1 million in 2006.
Total revenue for full year 2007 was (U.S.)$402.4 million, an increase of 30 percent from (U.S.)$309.5 million in 2006. Adjusted net income(a) was (U.S.)$18.7 million for 2007 and our reported net loss was (U.S.)$101.8 million. Non-GAAP cash and cash equivalents(c) were (U.S.)$255.2 million as of December 31, 2007.
Fourth Quarter Results:
Total revenue for CDC Corporation in Q4 2007 was (U.S.)$107.7 million, an increase of 20 percent from (U.S.)$ 89.4 million in Q4 2006. This represents the highest quarterly revenue in the company's history.
Net loss was (U.S.)$91.2 million for Q4 2007, compared to a loss of (U.S.)$2.2 million in Q4 2006. Included in the fourth quarter loss were the following non-cash charges:
$72.8 million charge for the write-down of assets in the MVAS subsidiary, CDC Mobile
$8.2 million charge for the write-down of investments in the CDC Games subsidiary
$11.5 million related to the unrealized loss on collateralized loan obligations and a change in the fair value of our debt derivative
Adjusted net loss for Q4 2007(b) was (U.S.)$3.5 million, primarily due to one-time audit expenses related to initial SOX compliance and the carve-outs of CDC Games and CDC Software, and the resolution of the dispute with Mgame. This compares to an adjusted net income of (U.S.)$6.4 million in Q4 2006.
Adjusted diluted loss per share was (U.S.)$(0.03) for Q4 2007 compared to diluted earnings per share of (U.S.)$ 0.06 in Q4 2006.
Fourth Quarter Subsidiary Results:
Total revenue from CDC Software for Q4 2007 was a record (U.S.)$95.0 million, an increase of 39 percent from (U.S.)$68.3 million in Q4 2006. License revenue was $17.8 million, an increase of 15 percent, compared to license revenue in Q4 2006.
Total revenue from CDC Games for Q4 2007 was (U.S.)$7.9 million, an increase of 20 percent from (U.S.)$6.6 million in Q3 2007.
The China.com segment, excluding the discontinued MVAS business, reported revenue of (U.S.)$4.0 million for Q4 2007, an increase of 29 percent from (U.S.)$3.1 million in Q4 2006.
Conference Call
The company's senior management will host a conference call for financial analysts and investors, today, Monday, April 28, 2008 at 5:30 pm EDT.
USA-based Toll Free Number:
+1-888-603-6873
U.S. Toll Number:
+1 973 582 2706
Passcode:
44429254
来源与链接：CDC公布07年Q4财报 净亏损9120万美元
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