Quanta revenue increase unexpected

SEASONAL FACTOR::PChome Online reported 18.78 percent monthly growth in revenue, driven by strong sales of home appliances due to year-end cold weather

By Lauly Li  /  Staff reporter

Tue, Jan 13, 2015 - Page 13

Quanta Computer Inc (廣達), the world’s biggest contract laptop computer maker, yesterday reported that unexpected monthly growth of 9.9 percent pushed its revenue to NT$88.84 billion (US$2.78 billion) last month, helped by higher shipments of non-PC products.

That brought the PC manufacturer’s total consolidated revenue for last year up 5.22 percent annually to NT$926.33 billion.

Quanta’s quarterly revenue reached NT$251.65 billion last quarter, up 2.99 percent from the previous quarter. On an annual basis, revenue slipped 7.32 percent from a year earlier.

“The last quarter of the year is the traditional peak season for us. Our notebook and non-notebook segments both reported strong sales in the last quarter,” Quanta investors relations official Carol Hsu (許昭瑾) said by telephone.

The company previously expected last month’s sales to decline from November last year, as the company gradually entered a slow season this quarter, but early shipments of non-notebook orders helped boost revenue nearly 10 percent sequentially last month, Hsu said.

Shipments of notebooks, which account for 60 percent of the company’s total revenue, fell 6.56 percent to 12.8 million units last quarter, from the previous quarter’s 13.7 million units, Hsu said.

“Even though there were less notebook shipments in the fourth quarter than in the previous quarter, quarterly revenue was higher mainly because of strong demand for higher-priced models,” Hsu said.

For the full year, Quanta shipped a total of 48.5 million notebooks, up 12.52 percent from the previous year’s 43.1 million units, Hsu said, pointing out that the rise in annual shipments was due to growing orders from its tier-one clients.

Looking forward, Hsu said Quanta sales might weaken this quarter due to it being a slow season and earlier product shipments being made last month.

Quanta’s shares declined 0.26 percent to NT$77.6 in Taipei trading yesterday, outperforming the TAIEX, which dropped 0.4 percent.

Separately, PChome Online Inc (網路家庭), the nation’s largest online shopping store, last week reported 18.78 percent monthly growth in revenue to NT$1.96 billion for last month, bringing the firm’s annual revenue for last year to NT$19.88 billion, up 21.95 percent from the previous year.

The company said its sales for the last quarter reached 5.27 billion, jumping 18.96 percent from a year earlier and 0.76 percent from the previous quarter, citing strong sales of home appliances for the increase.

“The sales performance of home appliances at the end of November last year and last month were particularly good due to the cold weather,” a PChome investors relations official who declined to be named said by telephone, adding that growing demand in non-consumer electronics products also boosted sales performance.

PChome shares closed at NT$332.5 in Taipei trading yesterday, up 1.22 percent from a day earlier, outperforming the TAIEX.