【Hsinchu, Taiwan, August 12, 2020】Accton Technology, a premier provider of communications solutions, today reported financial results for the period ended June 30, 2020, as approved by the Board of Directors.

Second quarter consolidated revenue was NTD 12.626 billion with an operating profit of NTD 1.385 billion. Net income after-tax was NTD 1.155 billion. EPS was NTD 2.07. These results were below expectations.

“During this unprecedented time, Accton’s priority is to support customers, partners and employees while strongly positioning the company for the future”, said Edgar Masri, President and CEO of Accton. “The COVID-19 pandemic is driving companies worldwide to modernize and support remote workforces at massive scale. Accton remains dedicated to delivering the technology to enable this digital transformation.”

“The long-term effects of the global recession remain to be seen, but Accton has taken measures to strengthen risk control and cost management, while maintaining its focus on delivering innovative new technologies and scaling the organization”

Highlights of Q2 2020 and 1H 2020 results:

Consolidated Revenue

  • Q2 2020 NTD 12.626 billion, YoY decrease of (8)%, QoQ increase of 8%.

  • 1H 2020 NTD 24.35 billion, YoY decrease of (2.3)%.

Consolidated Operating Margin and Operating Profit

  • Q2 2020 Operating Margin NTD 2.625 billion, YoY decrease of (9)%, QoQ increase of 16%.

  • Q2 2020 Operating Profit NTD 1.385 billion, YoY decrease of (15)%, QoQ increase of 24%.

  • 1H 2020 Operating Margin NTD 48.87 billion, YoY increase of 0.06%.

  • 1H 2020 Operating Profit NTD 25.01 billion, YoY decrease of (3)% .

Consolidated Net Income

  • Q2 2020 Before Tax NTD 1.397 billion, YoY decrease of (19)%, QoQ increase of 8%.

  • Q2 2020 After Tax NTD 1.155 billion, YoY decrease of (16)%, QoQ increase of 12%.

  • 1H 2020 Net Income Before Tax NTD 26.88 billion, YoY increase of 0.2%.

  • 1H 2020 Net Income After Tax NTD 21.87 billion, YoY increase of 2.1%.

Earnings Per Share (EPS)

  • Q2 2020 NTD 2.07

  • 1H 2020 NTD 3.93

The Board of Directors is also pleased to announce the appointment of Ms. Melody Chiang and Mr. Jackal Lee as Senior Vice Presidents of Accton Technology Corporation, effective immediately.

Melody will lead the worldwide Product Development & Product Line Management function, with a focus on optimizing the product design and development process. Melody is a seasoned leader and has been with Accton for 17 years.

Jackal will lead the worldwide Product Supply and Demand function, with a focus on maximizing production efficiency, supply chain operations, and quality. Jackal has extensive experience in manufacturing operations and has been with Accton for 21 years.

The Board of Directors and Executive Team congratulate Melody and Jackal on their new roles.

News Contact

Company Spokeman

Edward Lin
E-mail: [email protected]
Tel: 03-5770270

Deputy Spokesperson

Irene Chen
E-mail: [email protected]
Tel: 03-5770270