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CDC SEES UP YEAR FOR 2010
CDC Software, which markets the Ross ERP and Pivotal CRM lines, predicts that non-GAAP earnings for 2010 will range from $1.50 to $1.55 per share, a 15 percent to 18 percent increase over the $1.31 per share recorded in 2009. Revenue should range from $220 million to $228 million, up 8 percent to 12 percent over last year.
The company issued that guidance after reporting that revenue for the fourth quarter ended December 31 was $54.3 million was virtually unchanged at only $28,000 higher than a year ago. Meanwhile, it rebound from a loss of $4.9 million a year ago with a fourth quarter profit of just over $7 million. Net income of $23.2 million for 2009 compared to a loss of $894,000 in 2008. The company had $203.9 million in revenue for the most recently completed year, down 15.3 percent from $240.8 million the prior year
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