Remote work trend continues to buoy Harris Technology’s financials

Remote work trend continues to buoy Harris Technology’s financials

Garrison Huang (Harris Technology)

Credit: IDG

Remote working and learning trends continue to play a role in buoying revenues for online IT retailer Harris Technology, which enjoyed a 206 per cent revenue increase, year-on-year, during the three months to the end of March.  

The company posted unaudited revenues of $10.4 million in the third quarter, a substantial increase on the $3.4 million in made in the corresponding period last year.  

In a note to shareholders, the publicly listed retailer said that the strong quarterly result would extend its year-to-date revenue up to 31 March to approximately $30 million, representing a whopping 300 per cent increase on the same period the prior year.

“Continued growth and demand across home office and IT products can be partially attributed to working-from-home and remote learning trends which have extended beyond the peak of the COVID-19 pandemic,” the company told shareholders.  

The record sales revenue rate was also assisted by Harris Technology’s entry into the gaming category, a popular sector. The company said custom-built PCs, gaming mice and keyboards and, particularly, high-end graphics cards were continuing to show strong demand.  

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