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.
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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.