Acer Announces Q2 2022 Net Income at NT$1.72 Billion and Earnings Per Share at NT$0.58

 

TAIPEI, TAIWAN (August 4, 2022) Acer Inc. (TWSE: 2353) announced its financial results for the second quarter of 2022: consolidated revenues were NT$72.32 billion; gross profits were NT$8.0 billion with 11.1% margin; operating income was NT$2.17 billion with 3.0% margin; and net income [1] was NT$1.72 billion with 2.4% margin and earnings per share of NT$0.58.

Since the first quarter, Acer has focused on enhancing its supply chain management and product sell out. The second quarter ended with inventory value at NT$63.44 billion, marking a slight decline from the first quarter. In addition, Acer’s Vero line of eco-conscious devices and glasses-free stereoscopic 3D SpatialLabs products have sold well worldwide.

This year, Acer expects revenues from its PC business in the second half to be lower than the previous year. However, its strategy to build multiple business engines continues to gain momentum, and the second quarter revenues of businesses other than PCs and displays contributed to 21.1% of the total revenue, compared to 16.2% a year earlier. Acer e-Enabling Business (6811.TW) will be listed on the Mainboard of the Taipei Exchange this month, while Acer Gaming Inc. (6908.TW) plans to file for listing on the emerging market during the third quarter.

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

 

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About Acer

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 9,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.

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