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GrandTech (TPEx:6123) reported YoY 16 % growth on Dec 2020 consolidated revenue of NT$486 M

Taipei, Taiwan, R.O.C., January 07, 2021 -- GrandTech (TPEx: 6123) reported consolidated revenue at NT$486M in December 2020, 16% YoY growth.

GrandTech quoted, Group’s recurring revenue (ARR) delivered outstanding performance in December. Especially, business of digital printing services and the cloud service had received significant growth. Besides, the business of Enterprise Business Group also performed well. HK campus project had been continuously growing. However, the project delivery was affected due to the lack of supply. 

Expecting continuous rough and unpredictable international politics and economics development, and the recovery of commercial activities are still halted by covid-19, the direction of expansion of the digital printing business and multi-cloud services in Asia-Pacific region remain unchanged. Grandtech will keep the momentum going to achieve the stable upslope of ARR and overall revenue performance for returning to our shareholders.

2020 revenue report (consolidated) (UnitNT$ thousands)

Period

2020
consolidated
 
revenue

2019
consolidated
 
revenue

YoY
Increase (Decrease)
 
Rate%

December

485,950

419,649

16 %

Note:  December 2020 revenue is unaudited consolidated account.

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