The Channel logo

News

By | Kelly Fiveash 31st July 2008 12:34

Acer uses Europe, Asia to bounce past profit forecasts

EMEA market boost

Acer today reported a better than expected rise in second quarter profits after increasing its market share in Europe and Asia.

Net profit was up 47 per cent to NT$2.92bn ($95m), or NT$1.17 a share, from NT$1.98bn, or 76 cents, a year earlier. Analysts had forecast NT$2.62bn for the company's Q2.

The Taiwanese computer maker saw total revenues climb 34 per cent compared to the same quarter a year ago to NT$124.8bn.

Acer bought US computer maker Gateway Inc last autumn, and prior to that it scooped up Europe’s Packard-Bell BV. Since then the firm has been beefing up its market share with big gains in Asia and Europe, the Middle East and Africa.

However, according to a recent IDC report it fared less well in the choppy US market.

The company today also repeated its earlier laptop shipments projection for 2008, saying they will grow more than 40 per cent for the year.®

alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers