The FINANCIAL — Acer Inc. announced on November 9 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 was NT$1.45 billion, and earnings per share (EPS) were NT$0.48.
The net income of NT$1.45 billion marks the company’s highest in 27 quarters and is more than fivefold YoY, demonstrating the company’s strong business momentum, and stabilizing operations and profitability, according to Acer.
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.
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