Reading time ( words)
Lite-On Technology has reported June consolidated revenue of NT$19.11 billion, up 10% month-on-month and 8% year-on-year, hitting a monthly record high for eight months. Cumulative sales from January to June totaled NT$103.59 billion.
The optoelectronics business segment, which contributed 22% share of Lite-On’s overall revenue, grew by 3% YoY, mainly driven by ongoing market share gains from LED components and outdoor street lighting as well as smooth delivery of vehicle lighting. Lite-On’s overall LED and lighting business posted a revenue growth of approximately 20% YoY.
The information technologies business segment, which accounted for 51% of sales, registered a revenue growth of 7% YoY, of which, cloud computing application products posted continuous revenue growth year-on-year, supported by delivery expansion of high-end server enclosures as well as server and networking power management systems, one of the key growth drivers for power systems business.
The storage business segment accounted for 21% of total revenue with a sales growth of over 40% YoY, as a result of increased end-market demand.