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

Corporate Communications Acer Incorporated

 

 

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.