SK Hynix said its April-June quarter operating profit rose 38% to 2.7 trillion won ($2.3 billion), as memory chip demand for PCs and other devices surged rapidly and demand from computer server operators recovered.
It was the company's highest quarterly profit since the fourth quarter of 2018, data showed, up from 1.9 trillion won a year earlier, and in line with a Refinitiv Smartestimate of a 2.7 trillion won profit.
Second quarter revenue rose 20% on-year to 10.3 trillion won.
Business Description:
Swarm Networks, Inc. provides scalable file storage network. The company provides software solution for off-the-shelf storage servers. Swarm Networks, Inc. was incorporated in 2000 and is based in Cupertino, California. As on May 14, 2021, Swarm Networks, Inc. operates as a subsidiary of Intel Corporation.
Relationship with Investor/Parent:
Percent Owned (%): 100.00
Arsene永遠都存在
2021-7-29 08:15:16
EPS: $1.92 per share, adjusted, vs. $1.68 per share as expected by analysts
Revenue: $8.00 billion, adjusted, vs. $7.58 billion as expected by analysts
Qualcomm’s IoT business, a part of QCT, which consists of low-powered chips to make other devices smart as well as networking and industrial uses, grew 83% to nearly $1.4 billion.
Arsene永遠都存在
2021-7-29 17:34:52
Total consolidated revenue was KRW 63.67 trillion, a 20% increase YoY
Operating profit increased 34% from the previous quarter to KRW 12.57 trillion
Memory Business is expected to see continued demand growth for server and mobile products and the Company will accelerate migration to 15-nm DRAM and 6th-generation V-NAND as well as expand the application of extreme ultraviolet (EUV) lithography process in DRAM production.
while the Foundry Business will accelerate growth by expanding the Pyeongtaek S5 Line capacity and by adjusting pricing to enable future investment cycles.
The graphics market also grew in the second quarter on healthy demand for cryptocurrency and graphic cards for gaming PCs. Memory demand for game consoles also grew on new game launches, against the backdrop of rising need for home entertainment.
SK Hynix said its April-June quarter operating profit rose 38% to 2.7 trillion won ($2.3 billion), as memory chip demand for PCs and other devices surged rapidly and demand from computer server operators recovered.
It was the company's highest quarterly profit since the fourth quarter of 2018, data showed, up from 1.9 trillion won a year earlier, and in line with a Refinitiv Smartestimate of a 2.7 trillion won profit.
Second quarter revenue rose 20% on-year to 10.3 trillion won.
https://www.reuters.com/article/sk-hynix-results-idUSL1N2P22L5