Acer Scores Profit Hike with GatewayBy Reuters | Posted 2008-02-12 Email Print
Re-Thinking HR: What Every CIO Needs to Know About Tomorrow's Workforce
The No. 3 PC vendor has reported operating income up 44 percent for its Q4, as it includes results from its recent acquisition of Gateway.
TAIPEI, Feb 12 (Reuters) - Taiwan's Acer, the world's No. 3 PC seller, said its operating income rose 44 percent in the fourth quarter, as it included results from its recently acquired U.S.-based Gateway unit.
Acer said fourth-quarter operating income hit T$3.5 billion ($106.6 million), and that Gateway was profitable for the quarter, according to preliminary results released late on Monday.
Fourth-quarter consolidated revenue rose 24 percent from a year earlier to T$146.7 billion, the company said.
"Holding an optimistic outlook for the 2008 PC industry, Acer expects its notebook [business] to grow by 40 percent and total PCs by 30-35 percent on-year, in terms of unit shipments," the company said in the statement.
Acer, which competes with China's Lenovo, said in December it expected its sales to shoot up 50 percent or more over the next four years as it embarked on a worldwide expansion following the Gateway acquisition.
(Reporting by Doug Young; Editing by Anne Marie Roantree)
Copyright Reuters 2008. All rights reserved. Users may download and print extracts of content from this website for their own personal and non-commercial use only. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks or trademarks of the Reuters group of companies around the world.