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

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.