Struggling PC maker Acer is showing signs of recovery with its report of improved profits in the second quarter, albeit on a smaller revenue base than a year earlier.
During the period, Acer's net profit reached NT$485 million (US$16.2 million), up from a net loss of NT$343 million a year ago. It's also a substantial improvement from the slim NT$1 million it earned in this year's first quarter. Acer said on Thursday that its operating margins have grown to a three-year high of 0.81 percent.
The company's second quarter revenue of NT$81.3 billion was down 9 percent from a year ago, although the figure was six percent higher than in the first quarter.
Acer is trying to mount a comeback after it was hit hard by declining PC sales, as users flocked to tablets.
Last year, the company reported three consecutive quarters of net losses, prompting a reorganization. It brought in a new CEO and laid off 7 percent of its staff to trim costs.
As it seeks to recover, Acer will still sell PCs, but it is focusing more on mobile devices and becoming a provider of cloud services.
On Thursday, Acer said it is "optimistic" it can maintain financial growth on the approaching back-to-school season, and with new products set to arrive later this year.
Join the CIO New Zealand group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.