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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.

    http://static.cdn-seekingalpha.com/uploads/2014/8/26/saupload_cisg.png

    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

    http://static.cdn-seekingalpha.com/uploads/2014/8/26/saupload_spcbch.png

    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.

    http://static.cdn-seekingalpha.com/uploads/2014/8/26/saupload_tecdch.png

    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.

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