LED Maker LiteOn Technology Sees Sept. Revenues Hit 2-Year Monthly High
Oct 12, 2012
LiteOn Technology Corporation, a Taiwanese supplier of light-emitting diodes (LEDs) and power supplies, claims revenues in September hit a two-year monthly high, mainly driven by its cloud computing server power- management and LED products
With the coming launch of Win 8 from Microsoft, sales of
related products for notebook (NB) and tablets as keyboard and mouse will boom, to bring new highs in sales of the company's PC peripherals.
The company's global combined revenues in September reached NT$ 10.82 billion (US$ 360.66 million), rising 4% month on month (MoM), up 6% YoY, hitting a two-year monthly high, with first-nine-month global combined revenues of NT$ 89.39 billion (US$ 2.98 billion).
The company's combined revenues totaled NT$ 31.29 billion (US$ 1.043 billion) in the third quarter, up 2% quarter on quarter (QoQ).
Driven by steadily growing demand for cloud computing application products including high-end servers, networking communication equipments, and mobile devices, revenues from the company's four major businesses of imaging, power supply, enclosure, and LED rose slightly MoM.
Revenues of LED lighting components in September soared 900% YoY, due mainly to brand customers' increasing demand since the second quarter this year, also driving up overall revenues of the company's optoelectronic solution business by 15% YoY.
The company's revenues from power and connected devices & system solutions in September increased 6% and 7% MoM, respectively.
source & copyright: CENS