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TheStreet Open House

ChipMOS' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: IMOS

These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual performance, financial condition or results of operations of the company to be materially different from any future performance, financial condition or results of operations implied by such forward-looking statements.

Further information regarding these risks, uncertainties and other factors is included in the company's most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission, and in the company's other filings with the SEC.

At this time, I would like to now turn the call over to Mr. S.J. Cheng. Please go ahead, sir.

S.J. Cheng

Yeah. Thank you, David. Welcome everyone to our second quarter 2012 conference call. Hopefully, you all had time to review our earnings release. This was another strong quarter for us. All metrics of the business show how healthy ChipMOS is. We achieved high growth in the right segment from the right customers. We feel confident in both our customer and the business segment earnings.

Our effort to align ChipMOS with companies that are growing and taking market share in the LCD driver segment continue to pay off for us. Our focus on highest margin segment of our business led to revenue growth above 10% and more than covering our growth margin to nearly 13%. We continue to generate very healthy cash flow number. We remained focus on give out cost in check and CapEx an operating enable. Overall, we are very pleased with the quarter.

Quarter two demonstrated the strength of our model and enables in our business, and while we are pleased with the quarter, we had not intended on letting up rather we are putting everyone across similar global organization to working harder, to sale more in order to achieve great success.

Also we remain to further improve our financial performance that we work to try higher value for all our shareholders. In terms of specific results for the second quarter we achieved revenue growth of 10.2% in Q2 compared to Q1. Additionally, we further improved gross margin to 12.8% in Q2, up from 6.2% in Q1 2012.

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