HSINCHU, Taiwan, October 20, 2011 — SpringSoft, Inc. (TAIEX: 2473) today announced consolidated revenue of NT$565.144 million, net income of NT$147.380 million, and earnings per share of NT$0.73 for the third quarter ended September 30, 2011.
Third‐quarter revenue increased 0.7% from the prior quarter and 3.1% year‐over‐year. Operating margin for the quarter was 29.1%, still higher than the 28.2% in the previous quarter and 25.3% in the year‐ago quarter. Net Income also increased 9.6% from the prior quarter and 4.2% from the year‐ago quarter. EPS was NT$0.73.
Year‐over‐year, revenue for nine months ended September 30, 2011 increased 4.6% while net income increased 9.0%, despite NT dollar appreciation against US dollar. Operating margin for nine months was 28.0%, much higher than the 24.1% in the same period in 2010, which made operating income for nine months increase 21.4% compared with the same period in 2010. Accumulated EPS was NT$2.05 for nine months of 2011.
“We had achieved our Q3 sales target for all product lines. Although we do have the concerns on the global economic situation, we are still cautiously optimistic on our Q4 business” said Johnson Teng, COO of SpringSoft, “In Q3, we had also successfully launched “Verdi Interoperability Apps (VIA)” program to the market. VIA platform provides the open architecture and interoperability that makes this possible for all Verdi users and application
developers. This is a strategic move for SpringSoft and I believe this will provide great value to our customers as well as to the industrial partners”
