Acer Q2 Revenue Down Amid Business Changes
Acer has posted revenue of NT$56.16 billion (around $2.33 billion) in the 2016 second quarter, down 6.7 per cent year-on-year and down 0.3 per cent on the previous quarter, as it navigates recent strategic business changes.
Acer posted net profit after tax of NT$538 million, up from NT$2 million year-on-year and NT$46 million in the previous quarter.
An operating loss of NT$279 million compared to operating income of NT$890 million year-on-year, while non-operating income of NT$1.05 billion was largely due to foreign exchange gains.
In the 2016 first half, Acer recorded revenue of NT$112.48 billion, down 12.2 per cent year-on-year, and net profit after tax of NT$585 million, up 232.6 per cent, with operating income of NT$588 million down 50.8 per cent.
“The results show that Acer has remained profitable during the course of its transition by developing innovative products that meet end-users’ needs,” Acer stated. “Acer is broadening its business boundaries based on its BeingWare vision, and will add value to PCs and new devices through the combination of hardware, software and services.
“The recent strategic changes in the regrouping of its core and new businesses have been made to address the new evolving needs.”