Dixon and Syrma post higher revenue in September quarter
In short
Dixon Technologies and Syrma SGS Technology reported higher revenue in the September quarter. The companies also beat market expectations, even though chip costs rose.
This matters because both are contract electronics makers and higher chip costs can squeeze margins. The report does not give the exact revenue numbers or say how profits were affected.
What the reporting says
Dixon Technologies and Syrma SGS Technology reported higher revenues in the September quarter, according to the publisher summary. Both contract electronics manufacturers beat the Street, despite rising chip costs mentioned in the headline. The reporting does not give the revenue figures, the size of the beat, or whether profit margins were hurt.
Why it matters
Dixon Technologies and Syrma SGS Technology both reported higher revenues in the September quarter, and the publisher summary says they beat the Street. The headline adds that chip costs rose, which may have affected costs, but no figures or margin details are provided. The reporting does not state exact revenue growth, profit numbers, or how investors reacted.