TAIPEI, Taiwan, Nov. 9, 2017 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today the financial results for Q3 2017: consolidated revenues of NT$60.58 billion, up 13% quarter-on-quarter (QoQ); gross profits were NT$6.7 billion, up 20% year-on-year (YoY) with 11.1% margin, reflecting stabilizing operations. Operating income was NT$933 million, net income was NT$1.45 billion, and earnings per share (EPS) was NT$0.48.
The net income of NT$1.45 billion marks the company's highest in 27 quarters and is more than fivefold YoY, demonstrating the company's strong business momentum, and stabilizing operations and profitability.
The Q3 2017 revenue growth is attributable largely to: Acer's gaming product revenue that grew by 168% YoY and contributed more than 10% to total revenues; Windows-based commercial notebook revenue grew by 40% YoY; Chromebook revenue grew by 27% YoY; while new business revenue, including Acer's cloud and e-business grew, by 30% YoY.
Founded in 1976, Acer now is one of the world's top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer's 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.
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Net income is reported as profit-after-tax in Acer's financial statements
Highest net income during the period from Q1 2011 to Q3 2017
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SOURCE Acer Incorporated