Acer was hoping for the gloom to lift after two bad quarters, but it can hardly call its latest financials stellar. It scraped a slender $2.4 million profit in the quarter, which wasn't enough to prevent the company posting an overall annual loss of $212 million. It blamed one off charges and operational and strategic adjustments (though no mention of the impending war with Lenovo over Gianfranco Lanci) for the bad year. The terse release (after the break) claims the business is becoming "more healthy and stable," which is a good way to paint a quarter-on-quarter drop of 98.4 percent turnover.
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Acer announces 2011 preliminary financial results - Q411 result above breakeven

Taipei, Taiwan (February 15, 2012) – Acer Inc. announces the 2011 preliminary financial results, with the operating income of NT$0.1B (US$2.4M) in Q4, representing a turnaround from operating loss to profit in the last quarter.

According to Acer's preliminary financial figures, the consolidated revenue for Q4 2011 was NT$127.7B (US$4.2B), up 8.3% quarter-on-quarter (QOQ), operating income was NT$0.1B

(US$2.4M), profit after tax (PAT) was NT$0.1B (US$2.5M) and earnings per share (EPS) was NT$0.03. These numbers represent a turnaround to profit for Acer after back-to-back losses in Q2 and Q3 2011.

In 2011, Acer's preliminary consolidated revenue was NT$475.5B (US$15.7B), declining 24.4% YOY. Mainly due to the one-time write-off in EMEA in Q2, Acer's annual operating loss reached NT$6.4B (US$212M), PAT was -NT$6.6B (-US$219M), and EPS was -NT$2.52.

During Q4 2011, Acer's consolidated revenue declined 14.4% and operating income decreased 98.4%, in comparison to the same period of 2010.

After the operational and strategic adjustments from Q2 2011, Acer's current financial and business operation is becoming more healthy and stable.