Home iST February 2014 Revenue Report

iST February 2014 Revenue Report

Home iST February 2014 Revenue Report

iST February 2014 Revenue Report

by ruby

Issued Date:2014/3/10
Issued By:iST

iST (TWSE:3289) today (March 10, 2014) announced its net revenues for February 2014: On a consolidated basis, revenues for February 2014 were approximately NT$122 million, a slight decrease of 3.62% from January and a sharp increase of 22.60% compared to the same period in 2013, which set a new record number of February.

Selina Lin , CFO& Spokesperson of the iST Group mentioned an obvious increase of 22.60% compared to the same period in 2013 on account of the continuing growth of cross-platform system, including automotive verification and MEMS smart phone test.

Selina Lin further pointed out that iST started engaging in the research and development of automotive verification from a long time ago. And for these two years, the proportion of Automotive verification in iST revenues has been increasing sharply, the main reason is the application of automotive electronics has been rising from 13% up to 40% reflected in the total cost of OEMs. Hence, many Taiwan’s IC design houses start launching into automotive electronic market which makes great demands on the reliability test.

In 2014, the range of iST’s automotive electronic customers has been expanded from Taiwan’s IC design houses to the discrete components, passive components and automotive module companies in China, Taiwan, Europe and USA. In addition to reliability test, but also to reach out on counseling and application for ISO/TS16949, iST providing customers with one-stop solution via the integrated chain with iST-China.

iST(TWSE:3289) Revenue Report

(Unit: NT$ thousand)

Period February January to February
2014 122,194 248,974
2013 99,672 221,206
Increase(Decrease) 22,522 27,768
Increase(Decrease)(%) 22.6% 12.55%
About the iST Group

Founded in 1994, iST began its business from IC circuit debugging and modification and gradually expanded its scope of operations to include failure analysis, reliability verification, material analysis, and quality assurance. Through the years, iST has constructed a comprehensive verification and analysis engineering platform, offering full-scope services to the IC engineering industry. iST customers cover the whole spectrum of the electronics industry from IC design to end products. In response to rising environmental awareness, iST not only focuses on its core services but is also expanding its service offerings based on international trends. iST’s lead-free and halogen-free verification testing, chemical quantitative testing and carbon footprint/greenhouse gas inventory services have all been accredited by multiple international independent third-party organizations including TUV NORD Germany and BSI UK. With increased outsourcing by major international brands, iST now also plays the role of independent quality testing laboratory for OBM outsourcing products and is certified by Dell, Cisco, Delphi, Continental Automotive and Lenovo.

Headquartered in Hsinchu, iST’s pursuit of precision, perfection and efficiency has led it to expand its operations around the world. The iST Group now includes iST Kunshan, iST Shanghai, iST Beijing and iST Shenzhen in China, IC Service in Japan, and an iST laboratory in the US. These are all dedicated to providing customers with prompt, reliable and high-quality technical services in order to grow with the leaders of the world. For more information, please visit the iST website at: www.istgroup.com