Estimated reading time: 0 minutes, 30 seconds

CDC SAYS LICENSE REVENUE WILL MEET STREET ESTIMATE

cdc logoCDC Software Corp., which markets Ross Systems and Pivotal software, said its expects its license revenue to range from $7.4 million to $7.6 million for the third quarter ended September 30.

 

That compares  to $7.8 million a year earlier and  $7.1 million in the first quarter of this year. License revenue from new businesses increased to 24 pecent of license revenue from 12 percent in last year's corresponding period. The company said of the top 10 deals during the most recently ended quarter, six were in the food and beverage and financial services/insurance markets. CDC said the figures will meet or beat Wall Street's consensus on reported revenue.
Read 2321 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.