14 DAY TRIAL // Overall, the IT market mostly recovered during 2010, and it seems that Acer succeeded in scoring higher amounts of revenues throughout last year, compared to the figures registered during 2009.
Already quite a few companies have released or at least offered some inkling as to their financial performance during 2010.
Overall, most outfits managed to perform better than they could during 2009, something understandable knowing that 2009 was still somewhat troubled by the consequences of the recession.
Regardless, with 2010 over, the various IT players are looking at their figures in order to get an idea of where they stand and what they should improve.
One of the most recent outfits to do this is Acer, whose more or less succinct press release provided several figures.
Apparently, record highs were achieved in terms of consolidated revenues, with a figure of NT$629.7 billion, which is the equivalent of US$19.9 billion.
This implies a jump of 9.7%, or 14.2% assessed in US$, year-over-year, while operating income was 18.6% larger compared to 2009.
To be more specific, operating income was of NT$18.2 million, which translates into US$575 million and enables an EPS of NY$5.70, as well as self-assessed profits after tax (PAT) of NT$15.1 billion (US$476 million).
For those that want the fourth quarter 2010 rundown, preliminary results indicate non-core disposable gains, with a PAT boost of NT$3.9 billion (US$ 2 million) and EPS of NT$1.46.
That said, Q4 consolidated revenues were of NT$149.7 billion (US$4.7 billion), a figure 11% lower compared to Q4 2009, or 7.3% assessed in the US.
Meanwhile, operating income was 11.8% lower on-year, amounting to NT$4.4 billion, which is the same as US$139 billion. Finally, operating margin was 2.93%, thanks to better gross profits.
Basically, in Q4, results “were affected by unfavorable weather and economic conditions in Europe, hence, consolidated revenues did not reach expectations.”