CDC Software posts net loss of US$1.6mn in Q4

Monday, March 21, 2011

US company CDC Software (Nasdaq: CDCS) posted a net loss of US$1.6mn in the last quarter of 2010, compared with a net profit of US$6.1mn in the year-ago period, the company said in a statement.

The company's revenues for 4Q10 totaled US$56.7mn, up from US$54.3mn in the same period the previous year. However, a 33% jump in operating expenses took its toll on the bottom line.

Net profits for full 2010 reached US$6.4mn, compared with a net profit of US$22.3mn in the previous year. Total revenues for 2010 amounted to US$213mn, up from US$204mn in 2009.

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"The company's focus on sales in emerging regions has been paying off with strong sales growth in Latin America, China and India," CDC software president Bruce Cameron said.

CDC Software is a hybrid enterprise software provider of on-premise and cloud deployments.

CDC Software's solutions include enterprise resource planning (ERP), manufacturing operations management, enterprise manufacturing intelligence, supply chain management, human capital management, government and not-for-profit, customer relationship management (CRM) and business intelligence.