CDC Software Corp. (CDCS) Posts Q4 Results and High Expectations for Cloud Business
CDC Software Corp., a hybrid enterprise software provider of on-premise and cloud deployments, posted its financial results for the fourth quarter and year ended December 31, 2010, and noted the fourth-quarter introduction of several new products and version upgrades for its core on-premise ERP, supply chain management and complaint management applications. Fourth quarter 2010 Non-GAAP net income was $5.7 million, or $0.20 in Non-GAAP earnings per share, compared to Non-GAAP net income of $10.8 million, or $0.37 in Non-GAAP earnings per share, in the fourth quarter of 2009. The company reported fourth quarter 2010 Adjusted EBITDA at $9.0 million, compared…