Transcend Revenues Grow 10% In June

As it always happens when moving from one month to another and, especially, from a quarter to the next, IT companies have started to reveal their financial situations and how their revenues and progressed over the past months. This once, it is Transcend's revenues that have been uncovered, and it appears that the news is mixed. For one, June showed a significant on-month increase compared to the previous two months. On the other hand, on-year performance still yielded a decrease.

The company reportedly experienced a sizable increase in DRAM module shipments, which led to the acquisition of a total of NT$703 million. This was quite a bit more than the NT$588 million that May yielded. All in all, the company's revenues amounted to NT$2.36 billion (the equivalent of US$73.33 million). This sum is 13.4% higher than that of the previous months and 7.8% lower that what was achieved during the same period of the previous year. To be more specific, in 2009, in June, Transcend experienced good sales of flash-based disks and memory cards, leading to a sales growth of 25.6% and a total of NT$2.55.

Of the past month's total, NAND Flash products accounted for more than half, 53.7% to be exact, whereas the rest was divided between DRAM modules (29.8%) and strategic products (16.5%), such as portable electronics devices and digital photo frames. The news is quite favorable, considering that Transcend's revenues declined both in May as well as April.

In related news, PQI (Power Quotient International) also saw its revenues rebound during the past month, by 32%, amounting to NT$1.91 billion. This was quite a jump from last year's NT$1.49 billion. DRAM modules accounted for over 35% and NAND made up the rest. Both companies believe that July may see further growth, though European debt worries still raise some questions regarding the third quarter.