AsiaInfo Reports First Quarter Results; Net Revenue Increases 160%, Software Revenue Increases 205%; Company Beats Expectations in a Historically Slow Quarter.
Business Wire › April 16, 2001
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AsiaInfo Reports First Quarter Results; Net Revenue Increases 160%, Software Revenue Increases 205%; Company Beats Expectations in a Historically Slow Quarter.
Business Editors/High-Tech Writers
BEIJING, China & SANTA CLARA, Calif.--(BUSINESS WIRE)--April 16, 2001 AsiaInfo Holdings, Inc. (Nasdaq:ASIA), a leading provider of software products and infrastructure solutions for next generation network operators in China, today announced its first quarter results for the period ended March 31, 2001. The company reported first quarter 2001 net revenue (revenue net of hardware costs) of US$14.2 million, representing a 160 percent increase over net revenue of US$5.5 million in the comparable first quarter of 2000. The company's operating loss further decreased to US$24,000. EBITDA was US$1.1 million in the first quarter of 2001, representing a sequential increase of 420 percent over EBITDA of US$0.2 million in the fourth quarter of 20...See the full content of this document
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