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Strong demand supports IT and IT services
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Strong demand supports IT and IT services

  • By Chen Cheng-hui / Journalist

The IT services and information technology (IT) sector’s revenue last quarter rose 6 percent year-on-year to NT$148.2 billion ($4.6 billion), the the highest figure ever recorded for the period from July to September, the Ministry of Economic Affairs said. yesterday.

Computer programming, consulting and other related businesses saw a 3.8 percent increase in revenue to NT$106.7 billion for the quarter, driven by strong demand for services such as software integration. systems and software and hardware design, the ministry said in a report.

The IT services sector recorded 12 percent growth in revenue to NT$41.5 billion, driven by increased demand for online gaming platforms and data hosting and processing services in the cloud, he said.

Strong demand supports IT and IT services

Photo: ANC

In the first three quarters of the year, the IT and IT services sector also recorded a record revenue of NT$435.9 billion, up 5.9 percent from the same period last year, with the computer programming and computer services sectors growing by 4.2 percent and 10.8 percent respectively. , show ministry data.

The technical support and professional services sector also saw its revenue rise 5.8 percent year-on-year to NT$114 billion in the quarter, also the highest for the same period, according to the report.

Revenue growth in the technical support and professional services sector last quarter was largely driven by a 10% increase in management and consulting sector sales, as a growing number of companies sought investments financial and management consulting, the ministry said.

It was also supported by the strong performance of the advertising and market research sector, which grew 3.7 percent year-on-year, and the design sector’s 5.9 percent revenue increase professional, which has benefited from strong demand for vehicles, industry, commercial spaces and landscaping. , added the ministry.

However, the photography sector recorded a 4% decline in sales last quarter, due to fewer people getting married, weighing on demand for wedding photography, the report said.

In the first three quarters of the year, total revenue of the technical support and professional services sector increased 5.1 percent from a year earlier to NT$314.7 billion , with the management and consulting sector showing an increase of 7.5 percent, that of advertising and market research by 2.4 percent. percent, and the professional design industry saw an increase of 8.8 percent.

In contrast, revenues from the photography sector fell slightly by 0.3 percent.

The rental sector posted record revenue last quarter, up 9.9 percent to NT$43.3 billion, mainly because transportation rental activity grew 10.6 percent thanks to to improving the offers of car rental companies for individuals and businesses, the ministry said.

Rental industry revenue rose 9.4 percent in the first three quarters to NT$125.9 billion, the highest on record, according to the report.