TSMC says Q1 profit up 35 pct to T$87.6 bln, misses estimates

Hays said while the public sector market remained tough there were signs of improvement in the private sector market following the initial shock following the Brexit vote. The Continental Europe and the rest of the world division, which represents 50% of group net fees, delivered an 18% increase in like-for-like net fees, driven by Germany and France. In the Asia Pacific, like-for-like net fees increased 12%, buoyed by Australia and New Zealand. Group net fees rose 10% on a like-for-like basis in the third quarter ended 31 March. The group's net fees are generated 59% from temporary and 41% from permanent placements.


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TSMC says Q1 net profit up 35 pct to T$87.6 bln, misses estimates

Net profit totaled T$87.63 billion ($2.90 billion) for January-March, traditionally a weak period for the tech sector after the year-end sales rush. TSMC earlier this week said first-quarter revenue, at T$233.91 billion, missed the lower end of its guidance for T$236 billion given in January due to a strong Taiwan dollar. ($1 = 30.2260 Taiwan dollars) (Reporting by Jess Macy Yu and J.R. Wu in TAIPEI) That was down from the T$100.2 billion of the fourth quarter of last year, which was a quarterly record. The result was also worse than the T$88.26 billion median estimate in a Thomson Reuters/Eikon poll.




Net profit hit T$87.63 billion ($2.90 billion) for January-March, traditionally a weak period for the tech sector after the year-end sales rush. TSMC earlier this week said first-quarter revenue, at T$233.91 billion, missed the lower end of its guidance for T$236 billion given in January due to a strong Taiwan dollar. ReutersUPDATE 1-TSMC says Q1 profit up 35 pct to T$87.6 bln, misses estimates* Q1 profit down from record Q4 * Revenue at lower end of guidance (Adds margins, context) TAIPEI, April 13 (Reuters) - Taiwan Semiconductor Manufacturing Co <2330.TW> on Thursday said profit rose 35.3 percent in the first quarter, below estimates, after revenue for the world's largest contract chipmaker and major supplier to Apple Inc missed guidance. [nL3N1GM1Z8] Taiwanese media later reported that TSMC had decided not to participate in the bidding. The result was also down from the T$100.2 billion of the fourth quarter of last year, which was a quarterly record.


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