Adata: Fiscal 2Q12 Financial Results
Revenue down 3.5%
This is a Press Release edited by StorageNewsletter.com on October 1, 2012 at 3:13 pm(in NT$ million) | 1Q12 | 2Q12 |
Revenues | 7,074 | 6,825 |
Growth | -3.5% | |
Net income (loss) | 454 | 165 |
ADATA Technology released consolidated
financial results for the first half of 2012.
Consolidated revenue amounted to
NT$13.9 billion, falling 4.62% year over year. Gross margin was
8.39%, higher than the 5.4% posted in the same period of 2011. Net
income was NT$453.74 million. Based on 211 million outstanding
shares, earnings per share was NT$ 2.15.
For the second quarter of 2012,
consolidated revenue was NT$6,825 million, a decrease of 3.52%
quarter on quarter. Gross margin was 7.15%, better than the 4.25%
posted in the same period of 2011. Net income was NT$164.8 million
and earnings per share was NT$0.78.
Due to a more challenging global
economy, the company is taking a conservative stance on the memory
industry in the third quarter. With a more profitable portfolio of
products and more solid execution, ADATA is well positioned for this
year and has made good progress on operating results.