The American multinational corporation, which has been AEM’s main customer for about 18 years, had contributed to increases in the group’s orders for the tools, consumables, and services segments.
SINGAPORE (Apr 28): AEM Holdings, the provider of equipment systems solutions and manufacturing services, reported its ‘best quarter on record’ with earnings of $43.8 million for 1QFY2020 ended March, some 449% higher than a year ago.
This came on the back of a 179% increase in revenue to $146.8 million from $52.7 million in 1QFY2019, due to increased orders from its main customer, Intel. This beat the group's forecast range of $135 million to $145 million that was announced on Mar 19.
