Home iST Q1 2014 Revenue Report

iST Q1 2014 Revenue Report

Home iST Q1 2014 Revenue Report

iST Q1 2014 Revenue Report

by ruby

Issued Date:2014/4/21
Issued By:iST

iST (TWSE:3289) today (April 21, 2014) announced its self- clearing financial statement of Q1 2014: On a consolidated basis, revenues and net income before tax were approximately NT$402 million and NT$ 58 million, respectively, while EPS (before tax) was NT$ 1.26, which set a new quarter record ever.

iST’s CFO and spokesperson, Selina Lin said, the great performance of revenue and net income in Q1resulted from not only strategic arrangement, but the profitable service items and the cost control. Besides, iTS (Innovative turnkey solution), the subsidiary of iST, has run the business smoothly, which also pushes company forward.

Lin further pointed out that, in 2014, iST takes an optimistic view of the strong needs of cloud server analysis which drove by IOT(Internet of things) in China, hence, in these few years, iST group , including all the labs cross- straits, has been cooperated actively with Lenovo, the biggest computer brand company in worldwide. iST has been certified by the Think Centre, one of the production line of Lenovo, the former PC department of IBM, with the cloud server and a series of computer product. This is the second time for iST to be certified by Lenovo since iST- Kunshan received certification by Lenovo’s Idea products in 2010.

iST mentioned, the reason to get the certification of Lenovo, especially for the cloud server is because iST has participated in the research of Creep Corrosion in iNEMI (International Electronics Manufacturing Initiative)with other brand companies, including members in Think Centre, the former IBM team.

iST’s labs in China have provided test services for Lenovo for many years, and this time, labs of iST have been certified by Lenovo all at once. This action not only shows the professional test ability of iST, but also reflects on the actual income figures.

The president of iST, Danny Yu said, iST has benefited from the peripherals of IOT, smart media and the high demand of automotive electronics analysis in China. Even the number of workdays was reduced in Q1, the revenue and profits were still in a good performance. Based on the increasing orders currently, Yu is optimistic at the future sales in 2014.

iST(TWSE:3289) Q1 2014 Revenue Report

(Unit: NT$ thousand)

Item Q1
2014
Q1
2013
Increase
(Decrease)
%
Q4
2013
Increase
(Decrease)
%
Operating
revenue
402,295 346,399 16.14% 441,375 (8.85%)
Operating net income 56,926 (2,955) 2026.43% 55,429 2.70%
net profit (before tax) 57,794 (6,631) 971.57% 47,685 13.92%

PS: Above figures are self- clearing statement, and has not approved by the board of directors.

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