CDC Software expects sales increase in fourth quarter 2010

CDC Software, a global provider of hybrid enterprise software applications and services, has announced that, based on current financial projections and estimates, the company expects its fourth quarter 2010 application sales to be approximately $14.6m (£9m), an increase of approximately 22 per cent compared to $12m in the fourth quarter of 2009.

Application sales is comprised of license revenue plus Secured Total Contract Value (STCV) for Software-as-a-Service (SaaS) sales secured during the fourth quarter of 2010.

Fourth quarter 2010 Total Contract Backlog (TCB) is expected to increase by about 31 per cent to approximately $136.5m, compared to $104.4m in the fourth quarter of 2009.

Average deal size for on-premise software licenses increased quarter over quarter in 2010 with a 31 per cent increase expected in the fourth quarter compared to the third.