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HTC February revenues up over 22%


Wednesday, March 7, 2012 HTC has reported consolidated revenues of NT$20.294 billion (US$685 million) for February, increasing 22.14% on month but decreasing 36.79% on year. For the first two months of 2012, consolidated revenues amounted to NT$36.91 billion down 45.01% from a year earlier. HTC also said that its guidance of having revenues of NT$65-70 billion for the first quarter of 2012 remains unchanged, and that its second-quarter gross margin and operating margin both will rebound to the levels recorded in the first three quarters of 2011. HTC's gross margin and operating margin are expected to slip to 25% and 7.5%, respectively in the first quarter of 2012, down from 29.25% and 15.81% of a year earlier, according to an industry estimate.

By: DocMemory
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