QUOTE AND NEWS
FX Street  Jul 9  Comment 
ASIA ROUNDUP: AUD Consumer Confidence Index rose +1.9% to 94.9 in July. AUDUSD traded back up to... For more information, read our latest forex news and reports.
FX Street  Jul 4  Comment 
ASIA ROUNDUP: Nikkei stocks reached their highest level since Jan 23rd Japan Finance Ministry Names... For more information, read our latest forex news and reports.
FX Street  Jul 3  Comment 
ASIA ROUNDUP: The Australian Dollar dominated the Asia session, losing ground board between -0.6%... For more information, read our latest forex news and reports.
FX Street  Jul 2  Comment 
ASIA ROUNDUP: A pole by Robobank shows that NZ Farmer confidence is waning. NZ commodity prices are... For more information, read our latest forex news and reports.
FX Street  Jun 30  Comment 
ASIA ROUNDUP: NZ Building consents m/m contract -4.6% compared with +1.9% previous. The Kiwi Dollar... For more information, read our latest forex news and reports.
FX Street  Jun 25  Comment 
ASIA ROUNDUP: Trading was very light and confined to narrow ranges early Asia trading across the... For more information, read our latest forex news and reports.
Forbes  Jun 23  Comment 
After making waves in the U.S. and Europe, the sharing economy is now beginning to take root in Southeast Asia. FORBES ASIA does a round-up of some firms which are testing the waters.
FX Street  Jun 17  Comment 
ASIA ROUNDUP: Miners are expected to see profits squeezed as Aussie Iron Ore prices continue to... For more information, read our latest forex news and reports.
FX Street  Jun 16  Comment 
ASIA ROUNDUP: GBP House Price Index is up 0.1% from the previous 3.6% to show that whilst house... For more information, read our latest forex news and reports.
FX Street  May 27  Comment 
ASIA ROUNDUP: Nikkei 225 jumps to 7-week high, lead by export companies. Technically it has now... For more information, read our latest forex news and reports.




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AsiaInfo Holdings, Inc. provides telecommunications software solutions, and information technology (IT) security products and services for telecommunications service providers, as well as to other major enterprises in China. The Beijing-based firm is the nation's leader in telecom billing systems and business intelligence software, which helps firms find small pieces of data that help improve marketing and pricing.

Business Segments

ASIA has two separate business segments:

1. AsiaInfo Technologies

This division offers traditional telecom software and solutions to telecommunication carriers. The division is broken into three primary categories which include Business Operation Support Systems, Service Application Systems, and Network Infrastructure Solutions. If all of that sounds like alphabet soup from the '90's, you can boil it down simply by saying that ASIA partners with carriers to help with processes like efficiency, connectivity, billing, and customer care.

2. Lenovo-AsiaInfo

The Lenovo division could actually be compared with Mcafee Inc. (MFE) or Symantec Corp (SYMC). With expertise in IT security, antivirus and other network protection technologies, Lenovo has built a reputation for security. Landing contracts with the Chinese government is certainly a ringing endorsement of the divisions skill in protecting customers.

The Chinese software provider is benefiting from the explosion of communication technology in China, the world's largest mobile market. Moreover, there is still immense untapped potential in the country as a rapidly growing population will require a huge amount of phones to satisfy its needs. According to research firm Research and Markets, total mobile subscribers in China will likely increase from 706.7 million in 2009 to one billion in 2014. China's telecoms will aggressively spend on technology to capture share in the lucrative market for mobile data services. For example, China Mobile plans to spend $55 billion for infrastructure upgrades from 2009 to 2011. China Mobile and its two rivals, China Unicom and China Telecom, spent $21 billion building out third generation (3G) mobile networks last year, following the long-awaited but much-delayed awarding of 3G licenses.

Meanwhile, China's telecom-software spending is expected to grow 15% a year through 2012. Expansion into the IT-security market is a safe diversification as government agencies drive growth.

Last year, AsiaInfo Holdings Inc. agreed to acquire Linkage Technologies International Holdings Ltd., a rival provider of telecommunications-industry software, in a cash-and-stock deal valued at $733 million. The deal is expected help AsiaInfo make inroads with China Telecom Corp., the country's second-largest telecom provider by users, after China Mobile Ltd. "We have very complementary customer bases. AsiaInfo's traditional strength is with China Mobile, and Linkage's traditional strength is with China Telecom," he said. After the merger, the combined company will become the world's second largest telecom software provider only next to Convergys.

Looking at the most recent quarter, fourth-quarter profit multiplied sixfold to $14 million, or 29 cents a share, while revenue climbed 42% to $76 million. The operating margin widened from 15% to 19%. Gross margin for the quarter was 57.7%, compared to 53.5% in the year-ago period and 54.6% in the previous quarter. The year-over-year and sequential increases in gross margin were primarily due to a strong contribution from higher-margin software solutions and services. AsiaInfo holds $285 million of cash, equating to a quick ratio of 2.1, and no debt.

This article is about the company with ticker symbol ASIA. For information about the continent of Asia, see our country specific pages, including Investing in China, Investing in Japan, and Investing in Russia.




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