
In line with market projections, despite stuttering start
Published: 5 December 2005 10:05 GMT
Despite admitting to failings in its approach to 'breaking' China, business software giant CA has announced it intends to at least triple the revenue it is generating in the country by 2009.
John Ruthven, CA's general manager for Asia Pacific, told Reuters late last week that he intends to grow CA's revenues from China to between $80m and $100m by 2009.
The low end of CA's ambition would actually represent very little percentage growth in terms of market share, with the Chinese market itself tipped to grow threefold from $350m to $1bn during the same timeframe, according to analysts cited by Ruthven.
But Ruthven told Reuters: "We're shooting for higher than that."
The statement is tempered to a degree by the fact revenues are relatively low for CA in China, due in part to mistakes it made when first entering the territory, according to CA CEO John Swainson.
Last month, Swainson told silicon.com: "China is a territory that everybody wants to be involved in but it is also a very difficult country to do business in."
He said results in China to date have been disappointing because the company's "go-to-market strategy wasn't very good".
"We have a small team there now and it's not a big operation," he added.
One of the biggest stumbling blocks for software companies attempting to find success in China is the country's approach to intellectual property rights and the licensing fees associated with proprietary software.
You will have responsibility for the P&L which runs at $120million.mill from the US, $50mill from EMEA, $20mill from Asia-Pac. JOB TITLE: Global ...
This role focuses on the development of university technologies and knowledge transfer through a range of activities, from shorter term projects such ...
This is a fantastic opportunity to join a company who continue to increase their revenues, even in these extremely challenging times. The Senior ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll – silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Nick Heath Your top HR tech priorities for next year revealed How to make human resources IT work for you
Bob Tarzey Why you must rein in your power users When they do damage, it can be catastrophic to your business