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Acer Reports Q2 2015 Results: Consolidated Revenues NT$60.2B (US$1.94B); Operating Income NT$890M (US$28.64M); Net Income NT$2M (US$79K)
TAIPEI, TAIWAN (2015-08-06)
Acer announces the financial results of Q2 2015 with consolidated revenues of NT$60.2 billion (US$1.94 billion) down 11.4% quarter-over-quarter, operating income of NT$890 million (US$28.64 million), net income (or profits after tax) of NT$2 million (US$79,000), and earnings per share (EPS) of NT$0.0008.
In Q2, Acer’s operating margin of 1.48% bettered the Q1 margin of 0.45%, and the gross margin delivered growth in two consecutive quarters. The rising operating and gross margins reflect Acer’s focus on value creation and optimized product mix strategy; while the effective expense control also positively impacted the overall profitability and stabilize operations. Separately, non-operating factors including foreign exchange volatility impacted Acer’s net income.
In 1H 2015, Acer’s consolidated revenue was NT$128.15 billion (US$4.12 billion), down 18.9% year-over-year which reflected the delayed PC purchase as customers waited for Windows 10. Operating income reached NT$1.19 billion (US$38.43 million) with operating margin of 0.93%; net income was NT$176 million (US$5.66 million); and EPS was NT$0.06; the results further point to Acer’s positive direction.
In the course of Acer’s transformation, the organization structural changes, effective product mix strategy and expense control are expected to enhance profitability going forward.
Note: The spot rate as of June 30, 2015 was used — US$1: NT$ 31.07.