Chinadotcom (ticker: CHINA), a Chinese enterprise software and solutions provider, posted a Q4 2004 EPS gain (excluding non-recurring items) of $0.03, meeting the consensus EPS estimate. Here are the details:
(all percentage changes and comparisons are sequential, unless stated otherwise)
- Total revenue increased 13% to $54.2 million from $48.0 million. Consensus estimate was $56.2 million.
- Gross profit increased 22% to $32.3 million from $26.4 million.
- Gross margin was 60%, increasing from 55%.
- Operating income was $0.6 million compared to an operating loss of $6.9 million.
- Net loss was $8.0 million compared to a net loss of $6.2 million. This was due principally to a tax expense of $9.0 million, $7.4 million of which was non-cash and primarily related to the acquisitions of Pivotal Corporation and Ross Systems.
- Non-GAAP net income was $3.6 million compared to Non-GAAP net income of $2.8 million.
- Non-GAAP earnings per share were $0.033 compared to $0.027. Consensus EPS estimate was $0.03.
- Non-GAAP net income excludes certain non-recurring or non-cash expenses including (i) amortization of purchased intangibles related to the acquisition of subsidiaries, (ii) restructuring charges and (iii) adjustments which relate to the tax impact of acquisitions.
- Basic loss per share was $0.072 compared to a basic
loss per share of $0.058.
(all percentage changes and comparisons are year-over-year, unless stated otherwise)
- Total revenue increased 135% to $182.7 million from $77.9 million.
- Gross profit increased 165% to $103.5 million from $39.0 million.
- Gross margin was 57%, increasing from 50% in 2003.
- Operating loss was $6.5 million compared to operating income of $235,000.
- Income before taxes was $348,000 compared to $16.6 million.
- Net loss was $10.6 million compared to net income of $15.5 million.
- Acceleration of research and development programs for enterprise software products.
- Addition of selected vertical market offerings for the company's enterprise software products.
- Expansion of the sales and marketing network for enterprise software in the Asia Pacific region.
- Development of new products and services for the existing 2.5G mobile networks and the proposed 3G mobile networks in China.
- Development of specialized content, cultivating strategic partnerships and sponsoring key events for the china.com portal.
No financial guidance provided in the company's press release.