Corporate, Financials

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, 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 9,000 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.

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