MediaTek revenue beats forecasts

Taipei Times
Date:  Apr 10, 2015
By: Lisa Wang  /  Staff reporter

MediaTek Inc (聯發科) yesterday posted better-than-expected revenue of NT$47.54 billion (US$1.48 billion) for last quarter, which slightly beat UBS Securities Pte Ltd’s estimate of NT$47.35 billion and CIMB Securities Ltd’s forecast of NT$47.4 billion.

The company — locked in fierce competition with Qualcomm Inc for the handset chip business — attributed its performance to revenue more than doubling last month on restocking demand from Chinese clients ahead of the Labor Day holidays.

Revenue jumped to NT$20.4 billion last month from NT$9.67 billion in February and rose 3.33 percent from NT$17.43 billion in the same period last year.     [FULL  STORY]

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