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.

Subscribe here for up-to-date channel news

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags acer

Featured

Slideshows

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

Tight lines as Hooked on Lenovo catches up at Great Barrier Island

​Ingram Micro’s Hooked on Lenovo incentive programme recently rewarded 28 of New Zealand's top performing resellers with a full-on fishing trip at Great Barrier Island for the third year​ in a row.

Tight lines as Hooked on Lenovo catches up at Great Barrier Island
Inside the AWS Summit in Sydney

Inside the AWS Summit in Sydney

As the dust settles on the 2017 AWS Summit in Sydney, ARN looks back an action packed two-day event, covering global keynote presentations, 80 breakout sessions on the latest technology solutions, and channel focused tracks involving local cloud stories and insights.

Inside the AWS Summit in Sydney
Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day

Ingram Micro hosted its third annual Cure Kids Charity Golf Tournament at the North Shore Golf Club in Auckland. In total, 131 resellers, vendors and Ingram Micro suppliers enjoyed a round of golf consisting of challenges on each of the 18 sponsored holes, with Team Philips taking out the top honours.

Channel tees off on the North Shore as Ingram Micro hosts annual Cure Kids Charity golf day
Show Comments