Acer Reports Q1 2018 Results: Consolidated Revenues NT$54.8 Billion, Net Income NT$708 Million, EPS NT$0.23

TAIPEI, TAIWAN - Acer Inc. (TWSE: 2353) announced today the financial results for Q1 2018: consolidated revenues were NT$54.8 billion, growing 3.52% year-on-year (YoY) measured in terms of US$ or down 2.2% YoY in terms of NT$; gross profits were NT$5.76 billion with 10.5% margin (up from 9.7% over the same period last year); operating income was NT$547 million; earnings before tax1 was NT$1.02 billion; net income2 was NT$708 million; and earnings per share (EPS) were NT$0.23.

Acer’s strategy of pursuing multiple growth engines has begun to bear fruit, with its gaming line3 reaching 94% YoY growth in terms of shipment, and 60% YoY growth in revenue, while both Chromebooks and commercial notebooks saw double-digit YoY growth in revenue in the first quarter.

In addition, Acer saw a 55% YoY revenue growth in Russia and neighboring countries, while a 26% YoY revenue growth was seen among Latin American countries.

Acer will hold its annual general meeting on June 15, 2018 in Taipei

1 Earnings before tax is reported as profit-before-tax in Acer’s financial statements
2 Net income is reported as profit-after-tax in Acer’s financial statements
3 Acer's gaming line includes notebooks, desktops and displays

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About Acer

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 8,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.