Acer Reports Q3 2015 Results: Consolidated Revenues NT$67.24B (US$2.03B), up 11.7% Over Last Quarter; Net Income NT$191M (US$5.76M)

Acer announces the financial results of Q3 2015 with consolidated revenues of NT$67.24 billion (US$2.03 billion) up 11.7% quarter-over-quarter. The net income (or profits after tax) of NT$191 million (US$5.76 million) and earnings per share (EPS) of NT$0.06, both grew over the previous quarter.

Acer’s gross margin fell 2.4% quarter-over-quarter to 8.1% due to promotional activities carried out to face strong competition, resulting in an operating loss of NT$704 million (US$21.26 million).

In the process of Acer’s corporate transformation, the company will continue to optimize operations to enhance efficiency, and to formulate effective product mix strategies for local markets and seasonal marketing promotions to boost product sales.

Note: The spot rate as of September 2015 was used — US$1: NT$ 33.128.

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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 7,700 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.