HSINCHU, Taiwan, November 11, 2020 – Accton Technology, a premier provider of communications solutions, today reported financial results for the period ended September 30, 2020, as approved by the Board of Directors.

The third quarter consolidated revenue was NTD 14.39 billion with an operating profit of NTD 2.03billion. Net income after-tax was NTD 1.5 billion. EPS was NTD 2.69.

Today on November 11, 2020, Accton Technology Corporation held its Board Meeting and approved 2020 3rd Quarter financial results. Accton Group CEO, Edgar Masri stated, “We have shown quarter-on-quarter growth for revenue, operating margins, and operating profit. However, Q3 year-on-year revenue have decreased. Moving ahead, we have launched operational strategies to control expenses and costs, increase operational efficiency, while maintaining aggressive developments on new technology innovation and competitiveness to enable and service our customers.

According to 2020 Q3 financials, operation margin and profit increased both quarter-on-quarter and year-on-year, indicating successful efforts on product focus and competitiveness. While maintaining strict control on operational expenses to mitigate against the slight decrease in revenue and foreign exchange risk, Accton has managed to increase R&D spending. 5G networks, next generation ethernet, open networking, artificial intelligence, edge computing, are some of the many new and exciting areas that Accton is aggressively investing in.

Highlights of Q3 2020 results:

Consolidated Revenue

  • Q3 2020 NTD 14.39 billion, YoY decrease of (12)%, QoQ increase of 14%.

  • Accumulated revenue (Jan-Sep 2020) NTD 38.75 billion, YoY decrease of (6)%.

Consolidated Operating Margin and Operating Profit :

  • Q3 2020 Operating Margin NTD 3.39billion, YoY increase of 1.5%, QoQ increase of 29%.

  • Q3 2020 Operating Profit NTD 2.03 billion, YoY increase of 0.9%, QoQ increase of 47%.

  • Accumulated Operating Margin (Jan-Sep 2020) NTD 8.29 billion, YoY increase of 1%.

  • Accumulated Operating Profit(Jan-Sep 2020) NTD 4.54billion, YoY decrease of (1)% .

Consolidated Net Income

  • Q3 2020 Before Tax NTD 1.85 billion, YoY decrease of (13)%, QoQ increase of 32%.

  • Q3 2020 After Tax NTD 1.5 billion, YoY decrease of (13)%, QoQ increase of 30%.

  • Accumulated Net Income (Jan-Sep 2020) Before Tax NTD 4.54 billion, YoY decrease of (6)%.

  • Accumulated Net Income (Jan-Sep 2020) After Tax NTD 3.69 billion, YoY decrease of (5)%.

Earnings Per Share (EPS)

  • Q3 2020 EPS NTD 2.69.

  • Accumulated EPS (Jan-Sep 2020) NTD 6.62.

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Company Spokeman

Edward Lin
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Tel: 03-5770270

Deputy Spokesperson

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