Wiwynn Corp., a Taiwan-based data center equipment provider, reported record earnings for 2024, driven by robust demand for artificial intelligence servers and conventional computing hardware.
The company posted a net income of NT$22.8 billion ($720 million) for the full year, with earnings per share reaching NT$126.57. Fourth-quarter profit jumped to NT$7.05 billion, with per-share earnings of NT$37.92, compared to NT$20.1 a year earlier.
Revenue in the final quarter surged 97.5% year-over-year to NT$115.6 billion, though gross margin contracted by 1.6 percentage points to 9.4%. For the full year, sales climbed 49% to NT$360.5 billion, with gross margin expanding one percentage point to 10.4%.
The supplier to major cloud service providers said it continues to invest in AI computing and cooling technologies while monitoring global economic conditions. Operating margin for the year improved to 7.8%, up 1.2 percentage points from 2023.
Despite the strong results, the company faces potential headwinds from geopolitical tensions and supply chain constraints in the data center industry. The firm indicated it would adjust global production capacity based on customer demand patterns.
