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  • Profitability Levels Increased: CNinsure Inc (CISG) SuperCom Ltd (SPCB), Tech Data Corp (TECD)  0 comments
    Aug 26, 2014 7:55 AM | about stocks: CISG, SPCB, TECD

    http://static.cdn-seekingalpha.com/uploads/2014/8/26/saupload_cisg.jpg CNinsure Inc. (NASDAQ:CISG)

    CISG reported significantly improved unaudited financial results, continuing the growth momentum of the prior two quarters.

    For the second quarter 2014, CISG posted total net revenues of RMB508.9 million (US$82.0 million), a 20.8% increase year over year, operating income of RMB18.7 million (US$3.0 million), a 9,465.2% increase compared to the same period the prior year, and net income attributable to CISG's shareholders of RMB55.2 million (US$8.9 million), representing an increase of 163.8% from the second quarter in 2013.

    Basic and diluted net income per ADS were RMB1.10 (US$0.18) and RMB1.10 (US$0.18) for the second quarter of 2014, respectively, representing increases of 163.4% and 162.8% from RMB0.42 and RMB0.42 for the same period in 2013, respectively.

    According to its business outlook, CISG expects its total net revenues to grow by approximately 15% for the third quarter of 2014 compared with the corresponding period in 2013.


    CISG is a leading independent insurance intermediary company operating in China. CISG's distribution network reaches many of China's most economically developed regions and affluent cities.

    More about CNinsure Inc. (CISG) at ir.cninsure.net


    http://static.cdn-seekingalpha.com/uploads/2014/8/26/saupload_spcb.jpg SuperCom Ltd. (NASDAQ:SPCB)

    Keep a close eye on SPCB. The company reported its financial results, showing strong revenue growth and increasing levels of profitability on a year over year, as well as on a sequential basis

    For the second quarter 2014, SPCB posted revenue (unaudited) of $7.1 million, a 277% increase year over year, Non-GAAP operating income of $2.6 million (37% margin), compared to $0.5 million (28% margin) in the same period the prior year, and Non-GAAP earnings per share of $0.19 versus $0.06 in the second quarter 2013


    Since 1988, SPCB has been a global leading provider of traditional & digital Identity solutions, providing advanced safety, Identification and Security Products and Solutions, to Governments, Private and Public organizations around the World.

    More about SuperCom Ltd. (SPCB) at www.supercom.com


    http://static.cdn-seekingalpha.com/uploads/2014/8/26/saupload_tecd.jpg Tech Data Corporation (NASDAQ:TECD)

    TECD delivered an outstanding second quarter in fiscal 2015, with net Sales were $6.8 billion, an 8% increase year over year, net income of $39.3 million, or $1.03 per diluted share, compared to $14.7 million, or $0.38 per diluted share in the same period the prior year, and Non-GAAP net income of $42.9 million, or $1.12 per diluted share, compared to $27.9 million or $0.73 per diluted share in the second quarter fiscal 2014.


    TECD is one of the world's largest wholesale distributors of technology products, services and solutions.

    More about Tech Data Corporation (TECD) at www.techdata.com


    Read Full Disclaimer at www.pennyomega.com/disclaimer

    Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: CISG, SPCB, TECD
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