CDC Software Expects 33% Increase in Q1 2011 Cloud Bookings

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CDC Software (CDCS) announced today that it expects an increase of approximately 33% in Secured Total Contract Value, or bookings, for Software-as-a-Service sales secured during 2011's first quarter versus 2010 fourth quarter, based on current financial projections and estimates. The company further stated that it anticipates the first quarter of 2011 will be its best quarter since the start of its cloud business, as indicated by the progress and traction within the company's cloud business so far in 2011. Shares are up 2.97% to $4.57.