Thu, Jan 09, 2014 - Page 14 News List

Wistron Information shares rise 50% on local debut

By Helen Ku  /  Staff reporter

Shares of Wistron Information Technology & Services Corp (WITSC, 緯創軟體), which provides consulting and information technology (IT) outsourcing services to companies including IBM Corp and Apple Inc, closed up 53.13 percent on its local market debut yesterday.

Company shares opened at NT$32 and ended at NT$49 on the first trading day on the GRETAI Securities Market (GTSM, 櫃檯買賣中心).

WITSC chief executive officer Ching Hsiao (蕭清志) said at a GTSM ceremony to mark the share debut that he expects sales to achieve double-digit growth this year.

“The US and Chinese markets will become WITSC’s largest sales drivers this year on huge demand for big data-analyzing and cloud computing services there,” he said.

The company opened its first US office earlier this month and will send more staff to the US to explore that market, he added.

China and Japan are the company’s two largest markets, each accounting for about 30 percent of WITSC’s total sales last year, while the US contributed less than 5 percent of overall sales. Sales in Taiwan made up 20 percent last year’s total, WITSC said.

Cumulative sales during the first 11 months of last year were NT$1.99 billion, a 2.53 percent increase from the NT$1.94 billion recorded during the same period a year ago. Net profit fell 25.78 percent to NT$35.37 million, or earnings per share of NT$0.95, during the first three quarters of last year from NT$46.92 million, NT$1.28 per share, during the same period of 2012, the company said.

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