eCloudvalley Digital Technology Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

eCloudvalley Digital Technology (TWSE:6689) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$3.09b (up 29% from 2Q 2023).
• Net income: NT$31.4m (down 37% from 2Q 2023).
• Profit margin: 1.0% (down from 2.1% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: NT$0.46 (down from NT$0.73 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

eCloudvalley Digital Technology Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 32%.

Looking ahead, revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the IT industry in Taiwan.

Performance of the Taiwanese IT industry.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Be aware that eCloudvalley Digital Technology is showing 2 warning signs in our investment analysis and 1 of those is concerning...

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