HSINCHU, Taiwan, May 13, 2020 Accton Technology Corporation (Accton) (TWSE:2345), a premier provider of communication solutions, today reported financial results for its first quarter 2020 following board meeting approval. The consolidated revenue in the first quarter was NT$ 11.724 billion, an increase of 5% from the same period in 2019. The net income in the first quarter was NT$ 1.032 billion with NT$ 1.86 per share.

Accton Technology’s consolidated revenue in the first quarter of 2020 was NT$ 11.724 billion with operating profit NTD 1.116 billion. The first-quarter net income after-tax was NTD 1.032 billion, with annual growth rates of 36%. The first-quarter EPS was NTD 1.86.

“Accton delivered solid results with slight growth relative to last year equivalent period, managing to weather the brunt of early disruptions from the COVID-19 pandemic. We are focusing our attention on the safety and well-being of our employees while delivering on our commitments to our customers and shareholders,” stated Edgar Masri, Accton’s CEO.

While the impact of the COVID-19 pandemic on the society and economy will be broad and extensive, Accton Technology is adopting a cautiously positive attitude. As such, the Company is setting up a more resilient operating model that includes deploying advanced communications for work-from-home setups, exploring new market opportunities, accelerating the promotion of new leaders, and raising the company’s support to employees based on family circumstances.

About Accton Technology Corporation

Accton Technology Corporation is a global premier provider of networking and communications solutions. After 30 years of network product design and development experience, Accton has built a highly-qualified global workforce that produces leading-edge products that are affordable and reliable. As a leader in the integration of open hardware and software for data center, carrier access, and campus networks, Accton works closely with its long-term global partners to deliver the next-generation designs that customers demand. For more information about Accton and its subsidiaries, please visit www.accton.com.

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