Acer Q2 2016 Financial Results: Consolidated Revenues NT$56.16B (US$1.74B), Net Income NT$538M (US$16.68M)

Acer’s Board of Directors approved the financial results for Q2 2016 with consolidated revenues of NT$56.16 billion (US$1.74 billion), marking a slight drop of 0.3% from the previous quarter. Despite the price impact of key components and product cycle transitions, Acer maintained a gross profit margin of 9.6% and reported an operating loss of NT$279 million (US$ 8.63 million). The non-operating income of NT$1.05 billion (US$32.63 million) was largely due to foreign exchange gains, while net income (or profits after tax) reached NT$538 million (US$16.68 million), and earnings per share (EPS) was NT$0.18.

In 1H 2016, Acer’s consolidated revenue was NT$112.48 billion (US$3.48 billion), down 12.2% year-over-year. Operating income reached NT$588 million (US$18.21 million) with operating margin of 0.5%; net income was NT$585 million (US$18.11 million); and EPS was NT$0.19.

The results show that Acer has remained profitable during the course of its transition, by developing innovative products that meet end-users’ needs. Acer is broadening its business boundaries based on its BeingWare vision, and will add value to PCs and new devices through the combination of hardware, software and services. The recent strategic changes in the regrouping of its core and new businesses have been made to address the new evolving needs.

Note: The exchange rate was US$1: NT$32.286.
About Acer

Founded in 1976, today Acer 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.