Wistron Information Technology and Services reported November revenue of NT$911 million ($29.1 million), marking a 10.9% increase year-over-year and a 2.8% rise from October. The Taiwan-based IT services provider crossed the NT$900 million threshold for the first time, setting its fifth consecutive monthly record.
Internet sector clients remained the primary growth driver, with the company citing improved market penetration among existing customers. Rising demand for AI-related applications across multiple industries, particularly in the internet sector, contributed to the robust performance.
Year-to-date revenue through November reached NT$9.35 billion ($298.7 million), up 17% from the previous year, already surpassing 2023’s full-year figures. The company appears positioned to reach NT$10 billion in annual revenue for 2024.
Despite positive trends, market observers note the company’s heavy reliance on internet sector clients could pose concentration risks in an increasingly volatile tech environment.
