Yucheng Formally Adopts New Revenue Segments
Posted on: Thursday, 30 April 2009, 16:00 CDT
The table provided below reallocates our historical revenues and recognizes our Platform & Maintenance Services on a net basis, to assist with multi-period comparisons.
Summary of Yucheng's Historical Revenues and Gross Profit for 2006, 2007 and 2008 (Numbers are in USD million) 2008 Q1 Q2 Q3 Q4 Annual Software & Solutions 4.4 8.2 8.9 17.8 39.4 Platform & Maintenance Services 3.4 2.1 4.2 3.1 12.8 POS 0.3 0.4 0.6 0.8 2.1 Revenue 8.1 10.7 13.7 21.7 54.3 Cost of Revenues 3.0 3.4 5.1 9.5 21.0 Gross Profit 5.1 7.3 8.6 12.2 33.3 2007 Q1 Q2 Q3 Q4 Annual Software & Solutions 3.1 3.4 6.3 12.0 25.3 Platform & Maintenance Services 1.3 1.8 3.4 2.1 9.0 POS 0.0 0.0 0.1 0.4 0.5 Revenue 4.4 5.2 9.8 14.5 34.8 Cost of Revenues 1.7 1.5 4.0 5.7 13.2 Gross Profit 2.7 3.7 5.8 8.8 21.6 2006 Q1 Q2 Q3 Q4 Annual Software & Solutions 2.0 3.0 3.4 4.3 12.9 Platform & Maintenance Services 1.1 1.1 1.5 1.2 5.1 POS 0.0 0.0 0.0 0.0 0.0 Revenue 3.1 4.1 4.9 5.5 18.0 Cost of Revenues 1.0 1.5 1.5 2.4 6.6 Gross Profit 2.1 2.6 3.4 3.1 11.4About Yucheng Technologies Limited
Yucheng Technologies Limited (NASDAQ: YTEC) is a leading IT service
provider to the Chinese financial service providers. Headquartered in
Safe Harbor Statement
This press release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. Forward-looking statements are statements that are not historical facts. Forward-looking statements generally can be identified by the use of forward-looking terminology, such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," "project" or "continue" or the negative thereof or other similar words. Such forward-looking statements, based upon the current beliefs and expectations of Yucheng's management, are subject to risks and uncertainties, which could cause actual results to differ from the forward looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: current dependence on the PRC banking industry demand for the products and services of Yucheng; competition from other service providers in the PRC and international consulting firms; the ability to update and expand product and service offerings; retention and hiring of qualified employees; protection of intellectual property; creating and maintaining quality product offerings; operating a business in the PRC with its changing economic and regulatory environment; the impact on the Chinese economy caused by the world wide recession; and the other relevant risks detailed in Yucheng filings with the Securities and Exchange Commission. The information set forth herein should be read in light of such risks. Yucheng assumes no obligation to update the information contained in this press release.
SOURCE Yucheng Technologies Limited
Source: PR Newswire
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