Acer Inc. (TWSE: 2353) announced its financial results for the first quarter of 2021. Consolidated revenues reached NT$71.56 billion, up 46.5% year-over-year (YoY); gross profits were NT$8.31 billion, up 67.9% YoY with 11.6% margin. The operating income was NT$2.81 billion with a historical-high Q1 margin of 3.9%; net income [1] was NT$2.74 billion, the highest quarterly earnings in 10 years[2] with 3.8% margin; and earnings per share (EPS) was NT$0.91.
[1] Net income is reported as profit-after-tax in Acer’s financial statements
[2] Since Q1 2011