Cloud computing equipment supplier Wiwynn Corp (緯穎科技) yesterday said that its net profit in the first quarter surged 108.05 percent year-on-year to NT$9.79 billion (US$323.1 million), a record high.
Earnings per share were NT$52.7, nearly doubling from NT$26.92 a year earlier, Wiwynn said.
The results came as the company’s revenue in the first quarter increased 145.1 percent year-on-year to NT$170.66 billion, its highest ever, while gross margin fell 2.4 percentage points to 8.7 percent and operating margin declined 1.4 percentage points to 7 percent from a year earlier.
Photo courtesy of Wiwynn Corp
First-quarter revenue was better than expected, as demand for general and artificial intelligence (AI) servers continued to grow, Wiwynn said.
Wiwynn said it remains positive about long-term data center demand and that it would continue investing in the AI, computing and heat dissipation sectors to develop new technologies and products.
The company is to showcase its products and latest innovations at the Computex expo from May 20 to 23, it said.
Wiwynn also announced the appointment of company president William Lin (林威遠) as CEO, as the company continues in its efforts to adjust its global supply chains, strengthen regional production resilience and adopt smart manufacturing, Wiwynn said.
Amid US tariff uncertainty, Wiwynn chairwoman Emily Hong (洪麗甯) on Tuesday said the company’s board of directors approved a plan set up a new plant near the US-Mexico border in Texas.
While the company’s Mexican plant has served its US clients for more than a decade, uncertainty over trade and exchange rates has made expanding US capacity necessary, Hong said, adding that high labor costs there have made further automation inevitable.
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