HSINCHU, Taiwan, March 19, 2020 – Accton Technology Corporation (Accton) (TWSE: 2345), a premier provider of communication solutions, today reported the financial results for its fourth quarter and year ending December 31, 2019. The consolidated sales revenue for fourth quarter was NT$14.03 billion, and net income was NT$1.32 billion with NT$1.94 per share.
The cumulative consolidated sales revenue for the year ending December 31, 2019 totaled approximately NT$55.40 billion, an increase of 29% year-on-year. Net income for the twelve-month period ended December 31, 2019 was NT$4.95 billion, and NT$8.91 per share.
Considering the company’s recent capital expenditure needs, including the construction of R&D, test buildings and related equipment investments, a NT$6.2 per share cash dividend was proposed to be approved in the shareholder meeting in June.
Growth opportunities for network equipment providers will be driven by many factors including deployment of global 5G networks, ever expanding bandwidth requirements, and the continued migration to secure cloud-based applications. Emerging trends in artificial intelligence and the Internet of Things, along with software-defined IT will require innovative network solutions to enable a new wave of business opportunities.
However, the rise of international protectionism, the increasing demand for localization and autonomy in various countries also brings operational challenges and risks. This makes it necessary to reduce risks with a more active and flexible global operating strategy. The challenges to supply chain management brought about by recent epidemics causing supply delays and lowered demand will also require careful integration of information analysis and continuous adjustments.