Networking device maker Accton Technology has announced net profits of NT$479 million (US$15.18 million) for the second quarter of 2016, up 20% from the previous quarter. The earnings translated into an EPS of NT$0.89 for the quarter.
For the first half of 2016, net profits totaled NT$877 million or NT$1.64 per share on revenues of NT$13.35 billion.
Increasing shipments of high-margin OCP (Open Compute Project)-based datacenter-class switches ramped up the company's EPS for the first half. Datacenter switch products currently account for 20-30% Accton's total revenues.
The company's stock price dropped NT$1.40 to finish at NT$51.10 on the Taiwan Stock Exchange during the August 5 session.
