VTech Reports Growth In Revenue, Profit

By John Laposky On Nov 14 2012 - 11:19am

VTech cited strong sales of its InnoTab 2 educational tablet, introduced in August.

Hong Kong — VTech Holdings today reported higher revenue and profit for the six-month period ending Sept. 30, citing growth of its electronic learning products (ELPs) segment in North America and Europe.

Revenue for the six months increased by 2.1 percent over the same period last year, to $876.1 million. Growth in contract manufacturing services (CMS) as well as higher revenue from telecommunication products and ELPs in Asia Pacific also contributed to the increase, the company said.