Acer Q2 results show revenues down from first quarter
updated 03:35 pm EDT, Fri August 17, 2012
Company blames worldwide PC market downturn
Acer has revealed its financial results for the second quarter, showing a sequential drop in revenue. Despite a maintained growth in PC shipments, consolidated revenue of NT$110.6 billion ($3.7 billion) is up 8.3 percent from the same time last year, yet is down 2.2 percent from last quarter. The company blames the worldwide total PC market downturn for the quarter, alongside "unfavorable economic conditions in Europe, the US, China, and Asia Pacific" weakening customer demand.
Operating income was NT$433 million ($14.48 million), a growth of 213.5 percent quarter-on-quarter. Net profit was NT$56 million ($1.87 million), after enduring a one-time tax settlement of NT$410 million ($13.71 million) in Europe.
The shipping of products in preparation of the Microsoft Windows 8 launch later this year gives the company hope that revenues will rebound, with Acer's third quarter revenues expected to be on par with Q2.
