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

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About Acer

Founded in 1976, today Acer is one of the world’s top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer’s 7,000+ 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.