Menu
Acer reports profit gains after years of decline

Acer reports profit gains after years of decline

The PC vendor turns its operations around and reported profit increases after three years

After reporting three years of losses, PC vendor, Acer has revealed a profit boost of 0.5 per cent to $US56.46 million for fiscal 2014 and fourth quarter ending December 31.

Gross profits were up 28.3 per cent to $US912.48 million with 8.8 per cent margin; operating income was $US85.37 million with 0.8 per cent margin.

Consolidated revenues were down 8.5 per cent to $US10.39 billion.

Acer stated it has steadily turned its operations around with the results showing that the vendor has stayed profitable throughout the entire year, increasing profits each consecutive quarter.

On a sequential basis, Acer’s fourth quarter consolidated revenues were $US2.71 billion, up 0.3 per cent quarter-on-quarter or down 0.8 per cent year-on-year. Gross profits were $US232.09 million, representing growth by more than six fold and 8.6 per cent margin.

Operating income was $US25.67 million with 0.9 per cent margin; net profit $US20.63 million, showing growth of 0.5 per cent.

Following Taiwan government regulations, Acer’s board of directors proposed to reserve funds to offset deficits and, hence, not to distribute dividends for fiscal year 2014.


Follow Us

Join the newsletter!

Or
Error: Please check your email address.

Tags acer

Featured

Slideshows

Bumper channel crowd kicks off first After Hours of 2018

Bumper channel crowd kicks off first After Hours of 2018

After Hours made a welcome return to the channel social calendar with a bumper crowd of partners, distributors and vendors descending on The Jefferson in Auckland to kick-start 2018. Photos by Gino Demeer.

Bumper channel crowd kicks off first After Hours of 2018
Looking back at the top 15 M&A deals in NZ during 2017

Looking back at the top 15 M&A deals in NZ during 2017

In 2017, merger and acquisitions fever reached new heights in New Zealand, with a host of big name deals dominating the headlines. Reseller News recaps the most important transactions of the Kiwi channel during the past 12 months.

Looking back at the top 15 M&A deals in NZ during 2017
Kiwi channel closes 2017 with After Hours

Kiwi channel closes 2017 with After Hours

The channel in New Zealand came together to celebrate the close of 2017, as the final After Hours played out in front of a bumper Auckland crowd.

Kiwi channel closes 2017 with After Hours
Show Comments