TAIPEI, TAIWAN (November 10, 2016) Acer's Board of Directors approved the financial results for Q3 2016. Consolidated revenues reached NT$58.59 billion (US$1.87 billion), up 4.3% quarter-on-quarter (QoQ); operating income was NT$471 million (US$15 million) with 0.8% margin and reflects the 10.2% reduction QoQ in operating expenses due to effective cost control.

Acer also reported net income (or profits after tax) of NT$249 million (US$7.9 million), up 30.3% YoY; gross profit of NT$5.58 billion (US$177.8 million) with 9.5% margin; and earnings per share (EPS) of NT$0.08.

Cumulatively from Q1~Q3 2016, Acer reported consolidated revenues of NT$171 billion (US$5.45 billion), down 12.4% YoY; operating income of NT$1.06 billion (US$ 33.8 million) for a growth of NT$569 million YoY; and net income of NT$833 million (US$ 26.6 million) for a growth of NT$467 million YoY; and EPS of NT$0.28.

The results show that Acer has remained profitable during the course of its transition. In addition to developing meaningful innovations that meet end-users' needs, Acer continues to explore and expand its business boundaries, with new initiatives in virtual reality (VR) and those that are bringing the benefits of technology into the senior care, pet care, and sports industries.

Note: The exchange rate was US$1: NT$31.366.

About Acer
Established in 1976, Acer is a hardware + software + services company dedicated to the research, design, marketing, sale, and support of innovative products that enhance people's lives. Acer's product offerings include PCs, displays, projectors, servers, tablets, smartphones and wearables. It is also developing cloud solutions to bring together the Internet of Things. Acer is celebrating its 40th anniversary in 2016 and is one of the world's top 5 PC companies. It employs 7,000 people worldwide and has a presence in over 160 countries. Please visit www.acer.com for more information.

Contact:
Media Relations
Tel: 886-2-2696-1234
E-mail: Acer.corp.pr@acer.com

Acer Inc. published this content on 10 November 2016 and is solely responsible for the information contained herein.
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