【Hsinchu, Taiwan, May 12, 2022】Accton Technology, a premier provider of communications solutions, today reported financial results for the period ended March 2022, as approved by the Board of Directors.
The first quarter consolidated revenue was NTD 15.73 billion with an operating profit of NTD 1.51 billion. Net income after-tax was NTD 1.29 billion. EPS was NTD 2.31.
Accton Group CEO, Edgar Masri stated, “Q1 revenue, gross margin, and operating profit grew relative to last year, but decreased from the previous quarter. I commend the Operations team for their continued diligence and resilience in challenging supply chain and lock-down constraints. We must remain prepared that these challenges will continue through the year. In addition, the challenge caused by the high inventory level of components and raw material has taken a higher priority. As such, the Accton team has started evaluating inventory status and levels component by component and order by order, in order to reduce inventory in a thoughtful way and in coordination with suppliers and customers.”
Business development and R&D initiatives show positive progress as we continue to receive encouraging feedback from customers about our technology designs and service-oriented competitivenesses. Our focus in the meantime is to work closely with our supply chain partners to deliver on the backlog.”
Highlights of Accton’s Q1 2022 results:
• Consolidated revenue:
• Consolidated operating margin and operating profit:
• Consolidated net income:
• Earnings per Share (EPS)
