CDC Corporation Reaffirms Guidance for 2006 and 2007
ATLANTA, BEIJING, January 11, 2007— CDC Corporation (NASDAQ: CHINA) focused on enterprise software applications, mobile applications and online games, today reaffirmed its previously announced guidance for 2006 with total revenues forecast in the range of (U.S.) $303 million to $307 million, an increase of approximately 24 percent from last year and adjusted net income* in the range of $32 million to $33.3 million, an increase of more than 100% from the prior year.
For 2007, CDC Corporation also reaffirms prior guidance with total revenues forecast in the range of $401 million to $411 million, an increase of approximately 33 percent from 2006, and adjusted net income in the range of $55 million to $60 million, an increase of approximately 76 percent from 2006. The company plans to report preliminary earnings estimates for Q4 by early February.
“We are very pleased to reaffirm our Guidance for 2006 and 2007 which reflects continued growth throughout our operating companies,” said Peter Yip, CEO of CDC Corporation. “We expect strong year-end results that stem from both robust organic growth and the successful acquisitions we have made this year. As we look forward to 2007, we expect this trend to continue.”
Filed under: Pivotal
