CDC Software expects more application revenue
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.