China Distance Education Holdings Limited reported unaudited consolidated earnings results for the fourth quarter and year ended September 30, 2017. For the quarter, the company's total net revenues were $41,708,000 compared to $38,239,000 a year ago. Operating income was $10,538,000 compared to $14,583,000 a year ago. Income before income taxes was $8,190,000 compared to $14,963,000 a year ago. Net income was $6,105,000 compared to $12,219,000 a year ago. Net income attributable to China Distance Education Holdings Limited was $5,866,000 or $0.044 per basic and diluted share compared to $12,225,000 or $0.092 per basic and diluted share a year ago. Diluted net income per ADS was $0.177 compared to $0.369 a year ago. Non-GAAP operating income was $11,184,000 compared to $15,086,000 a year ago. Non-GAAP net income was $7,191,000 compared to $12,728,000 a year ago. Diluted Non-GAAP net income per share was $0.054 compared to $0.096 a year ago. Non-GAAP diluted net income per ADS attributable to the company was $0.218 compared to $0.385 a year ago. Cash flow from operations decreased by 49.8% to $2.9 million from $5.8 million in the fourth quarter of fiscal 2016.

For the year, the company's total net revenues were $130,988,000 compared to $117,548,000 a year ago. Operating income was $21,110,000 compared to $28,725,000 a year ago. Income before income taxes was $21,041,000 compared to $32,652,000 a year ago. Net income was $16,268,000 compared to $26,411,000 a year ago. Net income attributable to China Distance Education Holdings Limited was $14,935,000 or $0.112 per diluted share compared to $26,290,000 or $0.190 per diluted share a year ago. Diluted net income per ADS was $0.448 compared to $0.759 a year ago. Non-GAAP operating income was $23,221,000 compared to $30,740,000 a year ago. Non-GAAP net income was $17,725,000 compared to $28,305,000 a year ago. Non-GAAP net income per share – diluted was $0.112 compared to $0.190 a year ago. Non-GAAP diluted net income per ADS attributable to the company was $0.532 compared to $0.818 a year ago. Net operating cash inflow decreased by 4.6% to $37.1 million from $38.9 million in fiscal year 2016.

For the first quarter of fiscal 2018, the Company expects to generate total net revenue in the range of $33.6 million to $35.2 million, representing year-over-year growth of approximately 5% to 10%.

For fiscal year 2018, the Company expects to generate total net revenues in the range of $150.6 million to $157.2 million, representing year-over-year growth of approximately 15% to 20%.