• Kingdee aims for 5 bln yuan annual revenue by 2013
• Seeking more acquisitions in Asia this year
• To boost overseas sales contribution to 10 pct from 5 pct

SINGAPORE, March 3 – Chinese software maker Kingdee International Software Group aims to grow revenue five-fold in the next four years and become Asia’s biggest software firm, its chief executive said on Wednesday.

That would mean the company, taking market share from global giants like SAP and Oracle Corp in the enterprise software market. “We hope by the year 2013, Kingdee will have revenue of 5 billion yuan ($733 million) and… overseas clients can contribute more than 10 percent of this,” Robert Xu, chairman and chief executive of the company told Reuters in an interview through an interpreter.

The company’s current market capitalisation of around $570 million is around a tenth of Oracle Corp Japan’s, the region’s largest software firm.

Analysts polled by ThomsonReuters I/B/E/S expect Kingdee to post 180 million yuan net profit in 2009 from revenue of 976 million yuan.

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