Performance of ICT Industry in Six Asian Countries

This study explores the performance of ICT industry through Sales Growth Rate and Profitability Ratio between ASEAN and East Asia and also through individual country. Data from Orbis Database (OVBD) were analyzed; 24 ICT companies in ASEAN region which involve Thailand, Malaysia, and Philippines; and 231 ICT companies in East Asia; Japan, China and South Korea by using t test and ANOVA techniques. Our empirical results shows that East Asia shows a good performance in Sales Growth Rate but low performance in Profitability Ratio compare to ASEAN in the ICT industry. By comparing the performance of each country, China shows positive performance in the Sales Growth while Malaysia has the low performance in Profitability Ratio; ROSF, ROCE and Korea with its ROA, Profit Margin and EBITDA. Various resources were used to support our findings such as Global Information Technology Report, China Internet Network Information Center, Asian Development Bank and also implying sales maximization theory in this study.