NewswireTODAY - /newswire/ - Ahmedabad, Gujarat, India, 2006/04/02 - UFIDA, top software company for China, target to rises across the sea proceeds to a fifth of software sales by 2007 or 2008 from mid-single digits at the moment.

Hopeful to develop a petite global footstep and compete with the software biggest companies like of Microsoft software.
UFIDA is already a second number of Asia’s software companies that helps restructure business operations rise foreign proceeds by about more then 8 times in 2005.

The company, which Wu said control twenty four percent of a $624 million Chinese market for enterprise proceeds planning software, saw total proceeds jump thirty eight percent to higher than 1.0 billion Yuan past year.

Wu said that "there goal is to grow the revenue of there overseas business to fifteen to twenty percent of the all over sales in about three years and develop into a worldwide company."

"There long term plan is across the sea development. In China, software companies who want to fight in to worldwide software market must first revolve themselves into international companies."

Additionally Wu said that an across the sea stock record was an opportunity but gave no schedule.

In 2005 UF soft posted a 42.3% earning jump in 2005, has explicit international ambitions in the past, sounding public challenges to Microsoft and Oracle.

To gain the target, UFIDA plans to take small and medium-sized companies around the Southeast Asia and previous Soviet countries in future world, Wu said.

In other hand business in Japan and Hong Kong, UFIDA plans to set up representative branches in Singapore and Thailand, running year, and appoint more then twenty business partners in Southeast Asia, he told.

Wu give reason that in difference with Western companies, UFIDA communal similar organization philosophies with fellow Asian companies, and it’s develop cost about half to two-thirds what European or U.S. general charge.

Wu told that "They will fulfill their arrangement in Asia through forming close relationship, and possible union and acquisitions without complex.”

He also added that Business of overseas UFIDA could break even when it reported for five to seven percent of sales.

Agency / Source: TatvaSoft - Custom Software Development India

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