Acer Reports Q1 2020 Results: Net Income NT$558 Million, EPS NT$0.18

TAIPEI, TAIWAN (May 6, 2020) Acer Inc. (TWSE: 2353) announced the financial results for the first quarter of 2020: consolidated revenues were NT$48.85 billion; gross profits were NT$4.95 billion with 10.1% margin; operating income was NT$19 million; earnings before tax ^[1] was NT$780 million; and net income ^[2] was NT$558 million with earnings per share (EPS) of NT$0.18.

Consolidated revenues in March grew 114% month-on-month, achieved by the velocity of actions to capture the rise in demands due to work-from-home and online learning needs. For example, the PANAM operations scored a record first-quarter in revenues over several years.

^{[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}