Acer Q3 2016 Financial Results: Consolidated Revenues NT$58.59B (US$1.87B), Operating Income NT$471M (US$15M), Net Income NT$249M (US$7.9M)

Acer’s Board of Directors approved the financial results for Q3 2016. Consolidated revenues reached NT$58.59 billion (US$1.87 billion), up 4.3% quarter-on-quarter (QoQ); operating income was NT$471 million (US$15 million) with 0.8% margin and reflects the 10.2% reduction QoQ in operating expenses due to effective cost control. Acer also reported net income (or profits after tax) of NT$249 million (US$7.9 million), up 30.3% YoY; gross profit of NT$5.58 billion (US$177.8 million) with 9.5% margin; and earnings per share (EPS) of NT$0.08.

Cumulatively from Q1~Q3 2016, Acer reported consolidated revenues of NT$171 billion (US$5.45 billion), down 12.4% YoY; operating income of NT$1.06 billion (US$ 33.8 million) for a growth of NT$569 million YoY; and net income of NT$833 million (US$ 26.6 million) for a growth of NT$467 million YoY; and EPS of NT$0.28.

The results show that Acer has remained profitable during the course of its transition. In addition to developing meaningful innovations that meet end-users’ needs, Acer continues to explore and expand its business boundaries, with new initiatives in virtual reality (VR) and those that are bringing the benefits of technology into the senior care, pet care, and sports industries.

Note: The exchange rate was US$1: NT$31.366.