Zero One Projects Profit Growth in Double Digits This Year

Reported 7 months ago

Benefiting from the strong sales of NVIDIA GPUs, Zero One (3029) achieved a May revenue of NT$1.628 billion, a year-on-year increase of 61.3%, marking its second highest monthly revenue in history. The CEO and Chief Strategy Officer of the company, Huang Su-e, expressed confidence during an investor conference that both revenue and profits for 2024 are expected to grow in double digits. Zero One's cumulative revenue for the first five months reached NT$6.74 billion, with a 15.71% year-on-year increase, while its Q1 net profit after tax stood at NT$199 million, an 11.79% increase from the same period last year. The company, which acts as a domestic software and hardware distributor, focuses on representing brands such as NVIDIA GPUs and various software products, with around 55% of its revenues coming from IT infrastructure and information security, and the remaining 45% from cloud services and big data.

Source: YAHOO

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