American Power Conversion Corporation (Nasdaq: APCC) (APC) today reported financial results for the second quarter 2005. Revenue for the second quarter 2005 was $480.6 million, up 21 percent from $395.7 million in the second quarter 2004 and up 18 percent from $408.0 million in the first quarter 2005. Net income for the second quarter 2005 was $41.9 million, an increase of 56 percent from $26.8 million in the second quarter 2004 and an increase of 16 percent from $36.0 million in the first quarter 2005.
According to Mr. Adisorn Arsirakarn, Country Manager, American Power Conversion Corporation (Thailand Representative Office), segment and geographic review for the second quarter 2005, APC experienced year-over-year growth in all segments and major geographic regions. Large Systems segment revenue of $104.9 million, consisting primarily of 3-phase uninterruptible power supplies (UPSs), APC Global Services, precision cooling and ancillary products for data centers, facilities and communication applications, grew 35 percent year-over-year and 30 percent sequentially
The Large Systems segment was 22 percent of the company’s second quarter revenue. Customer demand for the company’s on-demand data center architecture, InfraStruXure, drove the growth in the Large Systems segment performance.
Additionally, our engineered-to-order industrial systems were also a solid contributor to the segment’s year-over-year and sequential performance.
The Small Systems segment, which provides power protection, UPS and management products for the PC, server and networking markets, posted second quarter revenue growth of 18 percent year-over-year and 16 percent sequentially to $356.2 million. As a percentage of APC quarterly product revenue, the Small Systems segment was 74 percent in the quarter. Growth in the Small Systems segment benefited from healthy demand for APC’s desktop and networking UPS families, as well as from InfraStruXure related products.
Geographically, APC posted solid revenue growth across all major geographic regions. The Americas region (North and Latin America) represented 54 percent of second quarter revenue and was up 22 percent year-over-year and 26 percent sequentially. In Europe, the Middle East and Africa (EMEA), first quarter revenue represented 29 percent of total APC quarterly revenue. The EMEA region increased 18 percent year-over-year and 20 percent sequentially. Finally, second quarter revenue in Asia was 17 percent of total company revenue in the quarter. Asia was up 26 percent year-over-year.
“As evidenced by our eighth consecutive quarter of double digit year-over-year revenue growth, and the highest year-over-year growth rate since the fourth quarter 1999, APC experienced very strong demand during the second
quarter. Demand was strong across all operating segments and can be attributed to what we believe is an attractive macro-economic environment for IT spending and the success of our continued strategic investments to establish APC as a global leader in the market for network-critical physical infrastructure (NCPI). With our strong revenue growth outpacing our continuing increased investment in product development and demand-generating activities,” said Rodger B. Dowdell, Jr., APC’s chief executive officer
About American Power Conversion
Founded in 1981, American Power Conversion (Nasdaq: APCC) is a leading provider of global, end-to-end infrastructure availability solutions. APC’s comprehensive products and services for home and corporate environments improve the availability, manageability and performance of sensitive electronic, network, communication and industrial equipment of all sizes. Headquartered in West Kingston, Rhode Island, APC reported sales of $1.7 billion for the year ended December 31, 2003, and is a Fortune 1000, Nasdaq 100 and S&P 500 Company. All trademarks are the property of their owners.
News release by:
Pimratchada Suppasittichote
PR PLUS TWO CO., LTD.
Tel. 02-972-6100, Fax. 02-972-7415
e-mail:
[email protected]
More Information, pls contact:
Sasithorn Sae-Iao, Marcom Specialist
American Power Conversion Corporation (Thailand Representative Office)
Tel.02-636-7707, Fax. 02-636-7702
e-mail:
[email protected]
Click for photo release at www.thaipr.net End.