CDC Corporation Reports a 56% Increase in Q4
6:59 am in SOA Solutions by admin
CDC Corporation (NASDAQ: CHINA), a leading global enterprise software,
IT services and new media company, today announced financial results for
the fourth quarter and year ended December 31, 2009. For the fourth
quarter of 2009, CDC Corporation reported Adjusted EBITDA(a)
from continuing operations(b) or Adjusted EBITDA* of $14.0
million, a 56 percent increase from Adjusted EBITDA of $9.0 million for
the third quarter 2009, and compared to Adjusted EBITDA for the fourth
quarter of 2008 of $9.7 million. For the fourth quarter of 2009, revenue
was $83.0 million compared to $76.6 million in the third quarter of 2009
and $97.0 million for the fourth quarter of 2008.