Acer Inc. announces the financial results for fiscal 2014 and the fourth quarter ended December 31, 2014.
Acer reports 2014 consolidated revenues of NT$329.68 billion (US$10.39 billion), down 8.5% year-on-year (YoY); gross profits of NT$28.94 billion (US$912.48 million), up 28.3% YoY with 8.8% margin; operating income of NT$2.71 billion (US$85.37 million) with 0.8% margin; profits after tax (PAT or net income) of NT$1.79 billion (US$56.46 million) with 0.5% net margin; and earnings per share (EPS) of NT$0.66.
On a sequential basis, Acer reports fourth quarter consolidated revenues of NT$85.94 billion (US$2.71 billion), up 0.3% quarter-on-quarter (QoQ) or down 0.8% YoY; gross profits of NT$7.36 billion (US$232.09 million), representing growth by more than six fold and 8.6% margin; operating income of NT$814 million (US$25.67 million) with 0.9% margin; PAT of NT$654 million (US$20.63 million), showing growth of 0.5% QoQ or by NT$8.23 billion (US$ 259 million) YoY; and EPS of NT$0.24.
The results show that Acer has stayed profitable throughout the entire year with increasing profits each consecutive quarter and has steadily turned its operations around.
