GrandTech (TPEx:6123) announced its consolidated revenues of NT$401 M for April 2024, up by 7% YoY
GrandTech's revenue performance in April was mainly driven by cloud services, contributing 49% of the monthly revenue, followed by enterprise services at 44%, and intelligent printing services services at 7%. Excluding the contributing from its subsidiary Senco-Masslink, revenue grew by 5% compared to the same period last year, with recurring revenue (RR) accounting for 85%.
GrandTech further stated that amidst the growth trend in the cloud services market, it has achieved notable progress in expanding its presence in overseas markets, with emerging performance in Northeast Asia, fostering cautious optimism for the growth of cloud services. Moreover, the shifting macroeconomic landscape has prompted businesses to transition from conservative to actively evaluating and investing in capital expenditures, indicating potential accelerated growth opportunities in the future for digital printing services and enterprise user services.
2024 revenue report (consolidated)： (Unit: NT$ thousands)
|
Period
|
2024
|
2023e
|
YoY
Increase (Decrease)
Rate%
|
|
April
|
345,798
|
571,963
|
-39%
|
Note: April 2024 revenue is an unaudited consolidated account.
The Best Digital & Cloud Services Operator In The World