Acer reports revenue of $3.7 billion in Q2

Acer announces the preliminary financial results for Q2 2012. Consolidated revenue was $3.7 billion, 8.3 per cent up year-on-year and 2.2 per cent down quarter-on-quarter. Operating income was $14.48 million, representing 213.5 per cent growth quarter-on-quarter. Profit after tax (PAT) was $1.87 million and earnings per share (EPS) was NT$0.02. The second quarter operating income of $14.48 million with operating margin of 0.4 per cent exceeded first quarter margin of 0.1 per cent. However, a one-time tax settlement of $13.71 million in Europe impacted on both the PAT and EPS. Although Acer maintained growth in PC shipments, the Q2 consolidated revenue declined over Q1 due to the worldwide total PC market downturn from Q1 to Q2, and unfavorable economic conditions in Europe, the US, China and Asia Pacific that resulted in weaker consumer demand. From gulftoday