Lite-On expects cloud computing to drive sales

BALANCING ACT:Even though facing headwinds in the notebook industry, the firm is confident that it will be able to offset the softness through its high-tech segments

Taipei Times
Date:  Nov 13, 2015
By: Lauly Li  /  Staff reporter

Lite-On Technology Corp (光寶科技) yesterday said sales and profitability for this quarter would climb from last quarter to reach this year’s peak, fueled by strong demand for its main product lines.

“We are positive that sales of cloud-computing applications, optoelectronics and power management segments would increase this quarter, driving the company’s performance to the peak of the year,” Lite-On chief executive officer Warren Chen (陳廣中) told an investors’ conference.

Chen declined to offer financial guidance for this quarter, saying only that profit would increase significantly from last quarter owing to the firm’s efforts in improving efficiency and product mix.     [FULL  STORY]

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