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Acer Reports Q1 2018 Results: Consolidated Revenues NT$54.8 Billion, Net Income NT$708 Million, EPS NT$0.23
[May 09, 2018]

Acer Reports Q1 2018 Results: Consolidated Revenues NT$54.8 Billion, Net Income NT$708 Million, EPS NT$0.23


TAIPEI, Taiwan, May 9, 2018 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today the financial results for Q1 2018: consolidated revenues were NT$54.8 billion, growing 3.52% year-on-year (YoY) measured in terms of US$ or down 2.2% YoY in terms of NT$; gross profits were NT$5.76 billion with 10.5% margin (up from 9.7% over the same period last year); operating income was NT$547 million; earnings before tax[1] was NT$1.02 billion; net income[2] was NT$708 million; and earnings per share (EPS) were NT$0.23.

Acer Incorporated Logo (PRNewsfoto/Acer Incorporated)

Acer's strategy of pursuing multiple growth engines has begun to bear fruit, with its gaming line[3] reaching 94% YoY growth in terms of shipment, and 60% YoY growth in revenue, while both Chromebooks and commercial notebooks saw double-digit YoY growth in revenue in the first quarter.

In addition, Acer saw a 55% YoY revenue growth in Russia and neighboring countries, while a 26% YoY revenue growth was seen among Latin American countries.

Acer will hold its annual general meeting on June 15, 2018 in Taipei.





[1] Earnings before tax is reported as profit-before-tax in Acer's financial statements

[2] Net income is reported as profit-after-tax in Acer's financial statements

[3] Acer's gaming line includes notebooks, desktops and displays


About Acer

Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2018 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/acer-reports-q1-2018-results-consolidated-revenues-nt54-8-billion-net-income-nt708-million-eps-nt0-23--300645297.html

SOURCE Acer Incorporated


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