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GrandTech (TPEx:6123) reported MoM 3%, YoY -19% growth on August 2020 consolidated revenue of NT$ 427M

Taipei, Taiwan, R.O.C., November 07, 2020 -- GrandTech (TPEx: 6123) announced its unaudited consolidated August revenue at NT$427M, MoM 3%, -19% YoY growth.

 

According to GrandTech, Group various business entities have kept the momentum going from last month with revenue in August grew by 3% MoM. Despite the revenue in August was relatively lower than previous year due to higher base in August last year from HK back-to-campus mega project, the Annual Recurring Revenue (ARR) still maintain steady growth, especially Cloud Services Business Group and DDPB (Dynamic Digital Print Business Group). 

 

Expecting continuous rough and unpredictable international politics and economics development, and the recovery of commercial activities are still halted by covid-19, GrandTech undertook various measurements to mitigate the possible impacts to the operation. It is expected revenue in Hong Kong will deliver positive recovery with the Schools and Universities new semester opening in September. GrandTech will also continue its focus on the expansion of Digital Printing business and multi-cloud services in Asia-Pacific region to boost the growth to achieve the stable upslope of ARR and overall revenue performance.

2020 revenue report (consolidated) (UnitNT$ thousands)

Period

2020
consolidated
 
revenue

2019
consolidated
 
revenue

YoY
Increase (Decrease)
 
Rate%

August

426,959

528,713

-19%

Note: August 2020 revenue is unaudited consolidated account.

 

 

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