Acer Reports Q1 2018 Results: Consolidated Revenues NT$54.8 Billion, Net Income NT$708 Million, EPS NT$0.23
TAIPEI, Taiwan, May 9, 2018 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today the financial results for Q1 2018: consolidated revenues were NT$54.8 billion, growing 3.52% year-on-year (YoY) measured in terms of US$ or down 2.2% YoY in terms of NT$; gross profits were NT$5.76 billion with 10.5% margin (up from 9.7% over the same period last year); operating income was NT$547 million; earnings before tax was NT$1.02 billion; net income was NT$708 million; and earnings per share (EPS) were NT$0.23.
Acer's strategy of pursuing multiple growth engines has begun to bear fruit, with its gaming line reaching 94% YoY growth in terms of shipment, and 60% YoY growth in revenue, while both Chromebooks and commercial notebooks saw double-digit YoY growth in revenue in the first quarter.
In addition, Acer saw a 55% YoY revenue growth in Russia and neighboring countries, while a 26% YoY revenue growth was seen among Latin American countries.
Acer will hold its annual general meeting on June 15, 2018 in Taipei.
 Earnings before tax is reported as profit-before-tax in Acer's financial statements
 Net income is reported as profit-after-tax in Acer's financial statements
 Acer's gaming line includes notebooks, desktops and displays
Founded in 1976, Acer now 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.
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