Acer's Q1 financial report reveals that the fourth biggest PC maker in the world is feeling weak after posting a very modest profit -- three months after it declared a $212 million loss for 2011. Turnover for the first three months of this year was NT$113 billion ($3.8 billion) and profits after tax were NT$331 million ($11.2 million). To put that in context, it made a $40 million profit in the same quarter last year -- so this is a spectacular collapse of 72 percent year-over-year
Reuters is suggesting that the problem is in part due to increased hardware costs caused by the Thailand floods, but the company isn't giving anything away. Instead its terse announcement just advised that the company grew its global PC market share by 0.8 percent to 10.9 percent, while in the EMEA region it grew 2.4 percent to 13.5 percent, adding that it is the only one of the "big five" that's seen any increase at all. You can read the scanty details for yourself, after the break.
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26 Apr 2012 Acer Inc. Q1 2012 Financial Results
Consolidated Revenue NT$113B (US$3.8B),
Operating Income NT$138M (US$4.7M),
PAT NT$331M (US$11.2M), EPS NT$0.12
Acer Inc. Board of Directors today announces the Q1 2012 financial results: consolidated revenues reached NT$113B (US$3.8B), operating income reached NT$138M (US$4.7M), profits-after-tax (PAT) reached NT$331M (US$11.2M), and earnings-per-share (EPS) was NT$0.12.
The financial figures for consolidated revenue of Q1 2012 represented 11.4% decline quarter-on-quarter (QOQ), in line with expectations; while operating income was slightly better than Q4 of last year. In addition, PAT included non-operating income.
According to preliminary data from the market research firm, Gartner Dataquest, Acer's global PC market share rose from 10.1% in Q4 of last year to 10.9% in Q1 of this year.
Moreover, in the EMEA region, Acer's PC market share rose from 11.1% in Q4 of last year to 13.5%, and is the only company with growing shipments in the local top five brands.