All data are based on the daily closing price as of May 17, 2024

Metaage Records Strong Q3 Growth; Enters North American AI Market

Taiwan
m 6112.TW Mid and Small Cap 2000
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Metaage, the system integrator, posts a robust Q3 net profit of 134 million yuan, boasting an earnings per share (EPS) of 0.71 yuan. Notably, year-to-date EPS hits a 10-year pinnacle at 2.75 yuan, exhibiting a remarkable annual growth rate of 61.76%. Chairman Li Changhong attributes this success to the surging demand for major public cloud services and consistent growth in agency products.

The third quarter also witnesses Metaage’s strategic merger with its U.S. subsidiary Brainstorm, marking its official entry into the North American AI pre-development equipment market. Li Changhong underscores the pivotal role of cloud computing spending, driven by AI development trends. He projects continued growth in the cloud market throughout 2024.

Against the backdrop of escalating geopolitical conflicts, Li Changhong underscores the heightened significance of operational resilience for enterprises and governments. In response, Metaage intensifies efforts in cross-border cloud remote backup, backup solutions, and cloud-based dual backup BCDR (Business Continuity & Disaster Recovery) offerings. The company customizes comprehensive and expedited solutions, catering to high-priority sectors like finance and government agencies, thereby accelerating the acquisition of operational advantages through intelligent IT solutions.

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