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Acer extends profits in first quarter

2012/04/25 21:15:13

Taipei, April 25 (CNA) Taiwan's Acer Inc. announced operating income of NT$138 million (US$4.68 million) Wednesday for the first quarter of 2012, up 68 percent from NT$82 million recorded in the previous quarter.

The company's board of directors also approved consolidated revenue of NT$113 billion during the January-March period, a drop of 11.5 percent from the fourth quarter of last year and in line with its expectation of being down 10 to 15 percent.

After-tax profit was NT$331 million and earnings per share was NT$0.12, both improvements from the fourth quarter of 2011, Acer said in a report to the Taiwan Stock Exchange.

According to market research firm Gartner Inc., Acer's global PC market share rose from 10.1 percent in the fourth quarter of last year to 10.9 percent in the first quarter of this year.

Moreover, Acer's PC shipments in the EMEA (Europe, the Middle East and Africa) region rose from 11.1 percent in fourth quarter of 2011 to 13.5 percent in the first three months of 2012, making it the only company with growing shipments among the top five brands, Gartner said.

Acer's PC shipments grew 8.9 percent quarter-on-quarter in the region, while its local peer, Asustek Computer Inc., saw the biggest drop of 27.5 percent.

PC shipments of Dell Inc., Lenovo Group and Hewlett-Packard Co. in the EMEA market also dropped 21.9 percent, 3.5 percent and 1.1 percent from the fourth quarter, respectively, the research firm said.

From January to March this year, some 3.81 million PCs were shipped in the EMEA market, with HP remaining the top vendor with 20.5 percent, according to Gartner.

Acer ranked in second place with a 13.5 percent share, followed by Dell (8.8 percent), Asustek (8.3 percent) and Lenovo (8.2 percent).

(By Jeffrey Wu)