Yucheng Technologies Limited reported unaudited consolidated earnings results for the third quarter ended September 30, 2009. For the quarter, the company reported operating income of $2,772,689, net income of $2,666,620, or $0.14 per diluted share on total revenues of $18,308,940 compared to operating income of $3,030,874, net income of $3,708,256, or $0.21 per diluted share on total revenues of $23,572,492 for the same period last year. The company reported non-GAAP net income of $3,002,417, or $0.16 per diluted share compared to net income of $4,044,580, or $0.23 per diluted share for the same period last year. The company reported net cash used in operating activities of $2,100,715, capital expenditures of $1,108,821 compared to net cash provided by operating activities of $477,734, capital expenditures of $1,792,135 for the same period last year. The company reported income before income tax and minority interests of $2,658,697 compared to $2,942,911 for the same period last year. Operating margins are up sequentially, due to operating expense control initiatives; however, they are down year over year because of lower gross margins. EPS was primarily impacted by the change in its tax situation from receiving tax credits to becoming a net taxpayer. The company confirms its 2009 annual guidance of $69,000,000 to $72,000,000 in net revenue, $14,900,000 in net income and non-GAAP EPS of $0.80.

Yucheng Technologies Limited expected to Report Fiscal Year 2009 Results on February 2, 2010. This event was calculated by Capital IQ (Created on October 2, 2009).

Yucheng Technologies Limited, Q3 2009 Earnings Call, Nov-05 2009