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[XGNews]: Corning’s net profit of optical communication business in the first half of 2021 was US $259 million, a year-on-year increase of 135%

The following is the [XGNews]: Corning’s net profit of optical communication business in the first half of 2021 was US $259 million, a year-on-year increase of 135% recommended by xgapn.com.

News on July 29 (shuiyi) recently, Corning announced its performance in the second quarter of 2021. During the reporting period, Corning achieved core sales revenue of US $3.504 billion, a year-on-year increase of 35%; The net profit was US $459 million, a year-on-year increase of 111%. Among them, the sales revenue of optical communication business was USD 1.075 billion, a year-on-year increase of 21%; The net profit was US $148 million, a year-on-year increase of 83%.

In the first half of 2021, the sales revenue of Corning optical communication business was USD 2.012 billion, a year-on-year increase of 20%; The net profit was US $259 million, a year-on-year increase of 135%.

With 5g, fiber to home and cloud computing driving greater demand for Corning products, the optical communication Division has resumed growth. Corning’s performance exceeded the market growth level and solved the most severe challenges faced by customers. In the second quarter, the company launched Corning SMF-28 ® Contour fiber, which is the first to realize the combination of excellent bending resistance, compatibility and low loss. Corning also launched edge ™ Fast connect solutions can increase the number of fiber cores and reduce customer installation time by up to 70%.

Corning pointed out that the continuous growth of the performance of the optical communication business department is mainly due to the continuous growth of sales in the network market of enterprises and operators. At the same time, 5g, fiber to home and cloud computing projects continue to promote the strong development of the business unit.

Corning said that at present, the pace of data center construction is accelerating, and the capital expenditure of our customers is increasing. Governments around the world are announcing and launching plans to expand broadband coverage. As a market leader and a supplier with large-scale end-to-end optical communication solutions, we maintain confidence in the sustainable development of optical communication business.

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