Story image

Acer's New Zealand business back in black

19 Jun 2017

Acer Computer’s New Zealand business has bounced back into the black in its latest financials, after recording a 7% increase in revenue for the year.

The Taiwanese PC company recorded revenue of $54.7 million for the year ending 31 December 2016, up from $51.0 million a year earlier.

Reductions in distribution expenses and income taxes helped the company to a $767,920 profit for the year. The profit follows several years of losses for Acer in New Zealand. In 2015 it recorded a loss for the year of $1.03 million, while in 2014 it had recorded a loss of $72,111.

The company recorded an operating profit of 180,880 before financing income of $753,053 bolstered its profit before tax to $933,933, up from $137,803 a year earlier. The financing income came largely from net foreign exchange gains of $699,413.

Income tax of $166,013 was recorded, down from the previous year’s $1.2 million.

Globally the company reported revenue of NT$232.7 billion for the year ending December 31, 2016, with a total comprehensive loss of NT$6.6 billion after booking NT$6.34 billion in intangible asset impairment losses largely due to its 2012 acquisition of iGWare, a cloud computing company.

Last week Acer and Cyclone announced an expanded deal to help drive Acer’s full portfolio of offerings further into All of Government participating agencies.

The new deal will see Cyclone offering Acer products including the Travelmate notebooks, modular and all-in-one Veriton desktops, monitors and Switch tablets, to schools, tertiary institutions and agencies via the all of government procurement process.

BMC adds IBM Cloud, Watson to Helix solution
BMC Helix with IBM Watson delivers cognitive insights across structured and unstructured federated knowledgebases.
Used device market held back by lack of data security regulations
Mobile device users are sceptical about trading in their old device because they are concerned that data on those devices may be accessed or compromised after they hand it over.
NZ Cricket ups data analytics game with Qrious
The Black Caps and White Ferns have implemented a data and analytics solution from Qrious to monitor and improve game strategy and player performance.
Gartner: Smartphone biometrics coming to the workplace
Gartner predicts increased adoption of mobile-centric biometric authentication and SaaS-delivered IAM.
IDC: A/NZ second highest APAC IoT spenders per capita
New IDC forecast expects the Internet of Things spending in Asia/Pacific excluding Japan to reach US$381.8 Billion by 2022.
Gartner names ExtraHop leader in network performance monitoring
ExtraHop provides enterprise cyber analytics that deliver security and performance from the inside out.
Palo Alto releases new, feature-rich firewall
Palo Alto is calling it the ‘fastest-ever next-generation firewall’ with integrated cloud-based DNS Security service to stop attacks.
Six barriers to efficient print and scan environments
Despite the promises of ‘paper-free’, printing remains an important aspect of many organisations, and one of the likeliest areas to lose control.