Reported 8 months ago
In Taipei on June 21, 2024, software company TigerTech (6791) held a shareholders' meeting and approved its 2023 annual report, financial statements, and profit distribution plan. The company reported an earnings per share of 3.87 yuan for 2023, with a dividend of 3.469 yuan per share. TigerTech's main business is providing CAE (Computer-Aided Engineering) software, benefiting from the increasing demand for computing power in the AI era. With stable growth in industries like semiconductors, defense, and high-frequency communication, TigerTech achieved a 12.46% year-on-year revenue growth in 2023, reaching 602 million yuan, along with a net profit of 80 million yuan, an 11.25% increase, and an EPS of 3.87 yuan, all marking three consecutive years of record highs. The company also sees opportunities in fields like acoustics, vibration, and optical measurement, and has collaborations with major players. Global CAE software is projected to have a compound annual growth rate of 8.8% from 2020 to 2030, with the digital transformation of Taiwanese companies and the return of Taiwanese businesses driving the growth of information services and benefiting TigerTech's performance.
Source: YAHOO