Jingwei International Q2 2010 Financial Results

Data Mining revenue grew 72% year-over-year to $4.4 million. Jingwei International is a leading provider of data-mining, interactive marketing and software services in China

Jingwei International Limited Reports Record Second Quarter 2010 Financial Results

SHENZHEN, China, Aug. 16, /PRNewswire-Asia-FirstCall/ -- Jingwei International Limited (Nasdaq: JNGW) ("Jingwei" or the "Company"), a leading provider of data-mining, interactive marketing and software services in China's rapidly growing economy, today announced its financial results for the second quarter ended June 30, 2010.

Second Quarter 2010 Highlights:

Total revenue increased 101.4% year-over-year to $8.2 million
Data Mining segment revenue grew 71.6% year-over-year to $4.4 million
Software Services segment revenue rose 152.3% year-over-year to $3.8 million
Gross profit climbed 212.7% year-over-year to $4.6 million
Gross margin was 56.1%, up 2,000 basis points from 36.1% a year ago
Net income increased 215% year-over-year to $2.5 million, or $0.15 per basic share and $0.12 per diluted share
Cash and equivalents at end of the second quarter was $7.9 million, compared to $10.2 million at the end of 2009
Jingwei common shares began trading on NASDAQ on May 20, 2010

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