Acer have today have released their Q1 financial results. Reaching a total of $3.8 billion in revenue and a small but better than loss $11.2 million in net profit. This is an 11.4 percent drop in revenue compared to last quarter and a massive 72 percent drop compared to last year of the same quarter which had a profit of $40 million. Also according to the research firm, Gartner Dataquest, Acer’s global PC market share rose from 10.1 percent in Q4 of last year to 10.9 percent in Q1 this year. Also in the EMEA region alone they saw an increase in PC Market share from 11.1 percent to 13.5 percent over the same period.
[EXPAND 26 Apr 2012 Acer Inc. Q1 2012 Financial Results]
Consolidated Revenue NT$113B (US$3.8B),
Operating Income NT$138M (US$4.7M),
PAT NT$331M (US$11.2M), EPS NT$0.12
Acer Inc. Board of Directors today announces the Q1 2012 financial results: consolidated revenues reached NT$113B (US$3.8B), operating income reached NT$138M (US$4.7M), profits-after-tax (PAT) reached NT$331M (US$11.2M), and earnings-per-share (EPS) was NT$0.12.
The financial figures for consolidated revenue of Q1 2012 represented 11.4% decline quarter-on-quarter (QOQ), in line with expectations; while operating income was slightly better than Q4 of last year. In addition, PAT included non-operating income.
According to preliminary data from the market research firm, Gartner Dataquest, Acer’s global PC market share rose from 10.1% in Q4 of last year to 10.9% in Q1 of this year.
Moreover, in the EMEA region, Acer’s PC market share rose from 11.1% in Q4 of last year to 13.5%, and is the only company with growing shipments in the local top five brands.