Sercomm Corp. reported its second-highest earnings in company history, with annual profits reaching NT$2.27 billion ($70.4 million) despite a slight dip in operating income as the telecom equipment manufacturer capitalized on strategic product positioning and global manufacturing capabilities.
The Taiwan-based broadband equipment maker announced Thursday that its 2024 annual consolidated revenue reached NT$56.79 billion ($1.76 billion), with gross margins climbing to 17.7%, the highest level in six years. While operating income declined 5.8% to NT$2.93 billion ($90.9 million), earnings per share reached NT$7.74, marking the second-best performance in company history.
For the fourth quarter, Sercomm recorded revenue of NT$13.43 billion ($416.5 million) with gross margins of 18.1%. The quarterly profit attributable to the parent company totaled NT$510 million ($15.8 million), translating to earnings per share of NT$1.72.
Company executives expressed optimism for 2025, citing growing demand for advanced broadband infrastructure as the digital economy expands. Sercomm pointed to its distributed manufacturing strategy—with production facilities in Taiwan, the Philippines, India, Mexico, and China—as a key advantage in navigating geopolitical tensions and supply chain disruptions.
The company is betting on next-generation products including WiFi 7 wireless devices, Cable DOCSIS 4.0 equipment, 10G PON high-speed fiber access technology, 5G FWA fixed wireless equipment, and smart IoT devices to drive future growth as global telecommunications providers race to deliver faster internet speeds to consumers and businesses.
