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TAIPEI, , Nov. 7, 2018 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today its financial results for Q3 2018: consolidated revenues were NT$65.33 billion, growing 7.8% year-on-year; gross profits were NT$6.89 billion with 10.6% margin; operating income was NT$1.17 billion, marking the highest for the third quarter over eight years[1], with 1.8% margin; earnings before tax[2] were NT$1.19 billion; net income[3] was NT$912 million; and earnings per share (EPS) were NT$0.3.
In the third quarter, Acer saw YoY revenue growth across all three regions (Pan-America, EMEA, and Pan-Asia Pacific), with outstanding year-to-September sales in the US, Russia, and Southeast Asia.
For year-to-Q3 results Acer also demonstrated its steady momentum of operations with net income of NT$2.5 billion, up 42.5% YoY, and EPS of NT$0.83.
[1] The highest operating income for the third quarter over eight years, from 2011 |
[2] Earnings before tax is reported as profit-before-tax in Acer's financial statements |
[3] Net income is reported as profit-after-tax in Acer's financial statements |
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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