Acer posts sequential growth in Q2, sees stronger H2

Friday 8 August 2014 | 09:25 CET | News
Acer announced second-quarter revenue of TWD 81.34 billion (USD 2.72 billion), down 9 percent year-on-year, but up 6 percent from the previous quarter. Operating profit totaled TWD 662 million, giving a margin of 0.81 percent versus 0.17 percent in Q1. Acer said it reduced Q2 operating expenses by 14.7 percent year-on-year. Net profit reached TWD 485 million or TWD 0.18 per share. The company said its restructuring was starting to pay off, with net profit in the first half of the year more than doubling compared to a year earlier. With back-to-school promotions and new product announcements

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