Fri, Nov 07, 2014 - Page 13 News List

Acer’s Q3 profits keep firm on track for turnaround

By Lauly Li  /  Staff reporter

PC maker Acer Inc (宏碁) yesterday reported a third consecutive profitable quarter for last quarter, as the company’s new management team continues efforts to lower additional operating expenditure and help turn the company around.

However, the company still faces challenges to maintain steady revenue growth and margin improvement in a stagnant PC market where competition from Lenovo Group Ltd (聯想) and Hewlett-Packard Co has increased.

Acer’s net income was NT$650.66 million (US$21.26 million) last quarter, or NT$0.24 per share, up 34.24 percent from the previous quarter’s NT$484.69 million. A year earlier, the firm reported a net loss of NT$13.11 billion.

Consolidated revenue hit NT$85.69 billion in the past quarter, down 7 percent year-on-year, but up 5.3 percent from the previous quarter, the company said in a press statement.

Operating income reached NT$1.1 billion for the quarter ending on Sept. 30, up NT$3.67 billion year-on-year, with an operating margin of 1.3 percent exceeding the previous two quarters, Acer said.

The firm’s PC shipments grew 13.3 percent year-on-year in the third quarter, outperforming the overall industry’s decline of 0.5 percent, according to statistics provided by International Data Corp.

In the first nine months of this year, the firm’s cumulative revenues totaled NT$244.14 billion, down 10.73 percent from a year earlier.

Separately, Acer’s board yesterday appointed Jerry Kao (高樹國) as president of Acer’s Notebook Business Group, effective as of Dec. 1.

Kao, who has more than 20 years of experience in the mobile PC industry, currently serves as general manager in the business group, where he co-heads with Acer Design Center president Jackson Lin (林永仁).

Acer said Lin, who also doubles as chief technology officer, is set to be released from his to focus on his core discipline of research and development.

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