Acer Reports Q1 2017 Results: Consolidated Revenues NT$56.05B (US$1.85B), Operating Income NT$456M (US$15.02M), Net Income NT$63M (US$2.07M), Gross Profit Margin 9.7%

TAIPEI, TAIWAN - Acer Inc. (TWSE: 2353) announced today the financial results for Q1 2017 with consolidated revenues of NT$56.05 billion (US$1.85 billion); operating income of NT$456 million (US$15.02 million) with 0.8% margin and NT$323 million (US$10.62 million) gain quarter-on-quarter; net income (or profits after tax) of NT$63 million (US$2.07 million); and earnings per share (EPS) of NT$0.02. The company also reported a non-operating loss that includes NT$522 million (US$17.19 million) loss due to foreign exchange fluctuation.

Acer achieved gross profits of NT$5.43 billion (US$178.82 million) with 9.7% margin, while consolidated revenues for this quarter differed by only 0.5% year-over-year re-affirming Acer’s solid operations and its effective product mix strategy optimized for different market segment needs. Operating income of NT$456 million (US$15.02 million) also reflected the company’s effective marketing activities and operating expense control.

Acer will hold its annual shareholders’ meeting on June 21 in Taipei.

Note: The spot rate used was: US$1: NT$30.336.

Corporate Financials
About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,500 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.