Key Developments For China Unistone Acquisition Corporation
China Unistone Acquisition Corporation (YTEC.O) (Consolidated Issue listed on NASDAQ Global Market)
Yucheng Technologies Limited Reaffirms FY 2009 Guidance
Yucheng Technologies reaffirmed its fiscal 2009 guidance and expects USD69-USD72 million in net revenue, USD14.9 million in net income and non-GAAP earnings per share of USD0.80.
Convergys Corporation Announces New Partnership With Yucheng Technologies Limited
Convergys Corporation announced a new partnership with Yucheng Technologies Limited, that will enable it to sell Convergys` Intervoice Edify Voice Interaction Platform (EVIP) and Convergys Dynamic Decisioning Solution in China.
Yucheng Technologies Limited Reaffirms FY 2009 Guidance
Yucheng Technologies reaffirmed its fiscal 2009 guidance and expects earnings per shares (EPS) of USD0.86-USD0.90, USD16.0-USD16.7 Million net income and USD69-USD72 Million non-GAAP revenues (USD117-USD122 Million GAAP revenues).
Yucheng Technologies Limited Deploys New Credit Management Information System For Fujian Rural Credit Union
Yucheng Technologies Limited announced the deployment of a Credit Management Information System for Fujian Rural Credit Union (FRCU), a new SMB relationship. Yucheng will build upon the existing in house systems to deliver a unified Credit Management Information System (CMIS), which will integrate intrabank data to identify and manage overall credit risk. The brand new CMIS will streamline the credit check process by classifying FRCU's customers into risk classes and transforming raw credit data into intelligent, reliable and consistent credit limit ranges. The CMIS translates the FRCU's credit rules into a strict credit analysis software solution that will enhance the reliability of loan decision making.
Yucheng Technologies Limited Issues FY 2009 Mixed Outlook
Yucheng Technologies Limited announced that for fiscal 2009, it expects revenues to be in the range of $117-$122 million, non-GAAP net income to be in the range of $16.0-$16.7 million and net income per share (EPS) of $0.86-$0.90. According to Reuters Estimates, analysts were expecting the Company to report revenues of $115 million, net profit of $17 million and non-GAAP EPS of $0.93 for the same period.
