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Lite-On Technology Posts Lower February Sales
March 10, 2016 | Lite-On TechnologyEstimated reading time: Less than a minute
Lite-On Technology has reported consolidated revenues of NT$14.09 billion for February, down by 2% year-on-year and 19% month-on-month mainly due to the Chinese Lunar New Year holiday shutdown. Cumulative sales for January and February totaled NT$31.43 billion.
The Optoelectronics business segment contributed a 21% share of Lite-On’s overall revenue. Thanks to increased demand, the LED vehicle lighting unit enjoyed a revenue growth of over 20% YoY while the LED components business continue its market share gains, resulting in overall growth in the the company's LED related business.
The Information Technologies business segment accounted for 46% of overall revenue, of which, clouding computing application products posted a yearly growth of over 10%, driven by delivery growth of server and networking power management systems and high-end server enclosure.
Storage, which accounted for 23% of Lite-On’s total revenue, achieved a growth of over 30% YoY, supported by growing end demands from cloud computing and gaming applications.
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