Acer Reports Q1 2016 Results: Consolidated Revenues NT$56.32B (US$1.74B), Operating Income NT$866M (US$26.84M), Net Income NT$46M (US$1.43M), Gross Profit Margin 11.8%

Acer’s Board of Directors approved the financial results for Q1 2016 with consolidated revenues of NT$56.32 billion (US$1.74 billion), operating income of NT$866 million (US$ 26.84 million), net income (or profits after tax) of NT$46 million (US$1.43 million) reflecting around NT$900 million (US$28 million) loss in foreign exchange, and earnings per share (EPS) of NT$0.02.

Acer reports gross profits of NT$6.67 billion (US$206.65 million) with 11.8% margin, and operating income of NT$866 million (US$26.84 million), up by NT$562 million (US$17.42 million) YOY, despite the decline in consolidated revenues. The results reflect Acer’s effective product mix strategy according to regional market needs and inventory management.

Acer will hold its shareholders’ meeting on June 24 in Taipei.

Note: The exchange rate was US$1: NT$32.282.
Corporate Financials
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.