Guidance for EBITDA also increased with an expected range of $53.2 million to $54.5 million, which is 10 percent over August's range. More recently, CDC Software said it expected to report a 37 percent increase in license revenue and a 30 percent increase in organic license revenue for the fourth quarter ended December 31. The company markets the Ross ERP and Pivotal CRM applications.
CDC SOFTWARE UPS GUIDANCE
CDC Software is telling Wall Street that it expects net income to be 25-percent higher than guidance issued in August and 15 percent larger than updated guidance in November. The company, based in Shanghai and Atlanta, now predicts net income to range from $20.5 million to $21.5 million for 2009, which compared to the November guidance of $17.2 million to $19.3 million.
