Kingston Technology saw global revenues increase by $100 million last year, respresenting the memory vendor’s second highest grossing year ever.
The vendor reported revenues of $4.1 billion for last year, up from 2008 when the memory market, like most other sectors, felt the full impact of the global financial crisis.
“The memory market saw some financial recovery last year like many other industries and Kingston was able to benefit from the general rise in DRAM and Flash pricing,” said John Tu, the firm’s co-founder. “We also expanded our product line when we entered the SSD market at the beginning of 2009 and within 12 months, have gained a strong foothold in this burgeoning area.”
“A year ago at this time, we were bracing for a bad year. Our company was lucky to catch some good breaks along the way that worked in our favour,” added David Sun, Kingston’s other co-founder. “Together, with the support of employees, partners, vendors and customers, we were able to get through some tough times and see better days ahead. We are very happy to be where we are.”
The 2009 revenue figure marks Kingston’s second-highest grossing year since the company was started in 1987, the highest being 2007, when revenues reached $4.5 billion.