TAIPEI, , Nov. 9, 2017 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today the financial results for Q3 2017: consolidated revenues of NT$60.58 billion, up 13% quarter-on-quarter (QoQ); gross profits were NT$6.7 billion, up 20% year-on-year (YoY) with 11.1% margin, reflecting stabilizing operations. Operating income was NT$933 million, net income[1] was NT$1.45 billion, and earnings per share (EPS) was NT$0.48.
Acer Incorporated Logo (PRNewsfoto/Acer Incorporated)
The net income of NT$1.45 billion marks the company's highest in 27 quarters[2] and is more than fivefold YoY, demonstrating the company's strong business momentum, and stabilizing operations and profitability.
The Q3 2017 revenue growth is attributable largely to: Acer's gaming product revenue that grew by 168% YoY and contributed more than 10% to total revenues; Windows-based commercial notebook revenue grew by 40% YoY; Chromebook revenue grew by 27% YoY; while new business revenue, including Acer's cloud and e-business grew, by 30% YoY.
About Acer
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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| [1] |
Net income is reported as profit-after-tax in Acer's financial statements |
| [2] |
Highest net income during the period from Q1 2011 to Q3 2017 |
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