EPS net loss from continuing operations was 61cents per basic share compared to profit of 3 cents per basic share last year.
Net revenue was $16.5 million, a decrease of 20% year-over-year and an 18% decrease sequentially. Gross margins declined to 24% compared to 39% in the year-ago period and 47% in the previous quarter. Revenue from software products and solutions was $12.7 million, a decrease of 17% from the year-ago period and a decrease of 15% sequentially. AsiaInfo expects first quarter net revenue to be $16 million to $18 million.
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