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

Trevor Pott

Why aren't you, personally, stopping the moronocalypse?
Star Trek Into Darkness

Chris Mellor

Federation fissiparousness to form co-ordinated divisions
iot_internet_of_things

Chris Mellor

EMC is ahead overall with HDS mounting an IoT catch-up

Features

Lego gandalf by https://www.flickr.com/photos/isherwoodchris/  CC 2.0 https://creativecommons.org/licenses/by-sa/2.0/ attribution sharealike
Why interconnectivity in the cloud is tougher than just stacking bricks
Handing over dollars picture via Shutterstock
Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away