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CDC Software expects more application revenue

Mon, 06/14/2010 - 10:05am
The Associated Press

CDC Software expects a 33 percent to 42 percent increase in application revenue in second quarter based on preliminary financial data, the company said Monday.

That equates to application revenue of $10.2 million to $10.9 million. In the same period last year, the same revenue hit $7.7 million. The company said increased demand and higher sales as a result of acquisitions boosted the numbers.

Shares of CDC Software Corp. rose 10 cents $8.11 in midday trading.

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