The Q2 operating income of US-$ 14.48 million with operating margin of 0.4% exceeded Q1 margin of 0.1%. However, a one-time tax settlement of US-$ 13.71 million in Europe impacted on both the profit after tax and earnings per share.
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 U.S., China and Asia Pacific that resulted in weaker consumer demand.
In the first half of 2012, Acer’s preliminary consolidated revenue reached US-$ 7.48 billion, down 2.7% year-on-year. Operating income of US-$ 19.06 million with operating margin of 0.3% YOY and PAT of US-$ 12.94 million both marked significant improvement YOY.
Acer will start shipping products for the launch of Microsoft Windows 8 in August and September, therefore anticipates revenues to rebound, and consequently expects Q3 revenues to reach about on par with Q2.
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