Acer appoints co-COOs after mixed Q3

Friday 9 November 2018 | 14:30 CET | News

Acer said that its operating profit hit its highest level in eight years, for a third quarter. The figure rose to TWD 1.17 billion from 933 million the year before. The net profit fell however to USD 912 million from 1.448 billion the year earlier. The gross margin dipped lower to 10.6 percent from 11.1 percent.  

The company reiterated that revenues rose 7.8 percent percent in the third quarter year-on-year to TWD 65.33 billion, with all regions, namely Pan-America, EMEA and Pan-Asia Pacific, contributing to growth. The company said earlier that growth was boosted by its gaming and Chromebook lines, up 74 percent and 49 percent respectively. 

Acer also announced the appointment of Jerry Kao and Tiffany Huang as co-COOs, from 8 November. The positions have been established to support CEO Jason Chen and help company operations. Kao will oversee all product businesses and continue to serve as president of IT Products Business while Huang will continue to serve as president of Corporate Marketing, Business Planning and Operations. Kao joined Acer in 1995 while Huang came onboard in 1988.

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Categories: IT / Mobile & Wireless
Companies: Acer
Countries: World
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