ChipMOS TECHNOLOGIES Reported July 2024 Revenue Growth Of 12.4% YoY
Portfolio Pulse from Benzinga Newsdesk
ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) reported a 12.4% year-over-year revenue growth for July 2024, driven by strong DDIC demand and improved inventory levels. The revenue for July 2024 was NT$2,063.4 million (US$63.1 million), marking a 7.6% increase from June 2024.
August 09, 2024 | 10:06 am
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ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS) reported a 12.4% year-over-year revenue growth for July 2024, driven by strong DDIC demand and improved inventory levels. The revenue for July 2024 was NT$2,063.4 million (US$63.1 million), marking a 7.6% increase from June 2024.
The reported revenue growth of 12.4% year-over-year and 7.6% month-over-month indicates strong performance and demand for ChipMOS's services. This positive financial result is likely to boost investor confidence and positively impact the stock price in the short term.
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