Vendor sees year-on-year growth of 14 per cent for third quarter

Acer sees quarterly upturn

Acer has released its financial results of Q3, reporting growth of 14 per cent over the same period in the previous year, with net profits of $107.8 million.

Consolidated gross revenue for the vendor and its subsidiaries also saw year-on-year growth for the quarter, attaining a 5.3 per cent increase with $5.2 billion taken.

When compared to 2008, post-tax profits for the year so far reflect the economic difficulties posed by the earlier half of this year, seeing a 12.1 per cent decline to $243.3 million.

Despite this, Acer’s EMEA deputy president and senior corporate vice-president Walter Deppeler is optimistic about the future.

“We were under less pressure in the last quarter, whereas in the first half (of the year) we were strongly impacted,” he told PCR in an interview. “I would say that customer demand is decent, whereas overall we anticipate that we will remain on the same revenue level year-on-year, which would be a great achievement.

“Basically, that means we will just lose one year, and next year the market is going to start growing by double digits in terms of units.”

Check Also

Francisco Partners completes Blancco Technology Group acquisition

Francisco Partners, a leading global investment firm that specialises in partnering with technology businesses has …