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Acer Reports Q3 2020 Results: Net Income NT$2.29 Billion, Highest in Nearly Ten Years

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Acer Reports Q3 2020 Results: Net Income NT.29 Billion, Highest in Nearly Ten Years

Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2020: consolidated revenues were NT$80.06 billion, up 27.3% year-on-year (YoY); gross profits were NT$8.40 billion with 10.5% margin; operating income was NT$2.91 billion, marking a new record high[1] margin of 3.64%; earnings before tax[2] was NT$3.25 billion; and net income[3] was the highest in nearly 10 years[4] at NT$2.29 billion (up 94.2% YoY) with earnings per share (EPS) of NT$0.76. For the first three quarters of 2020, Acer’s consolidated revenues were NT$194.49 billion, up 12.6% YoY, net income reached NT$4.04 billion, up 76.2% YoY with EPS of NT$1.34.

Highlights for the third quarter include year-on-year revenues for Chromebooks growing by 94.4% and for the gaming line[5] by 69.9%, showing that Acer’s strong business momentum continues.

[1] Since 2002, after the merger of Acer Inc. and Acer Sertek.

[2] Earnings before tax is reported as profit-before-tax in Acer’s financial statements

[3] Net income is reported as profit-after-tax in Acer’s financial statements

[4] Since 2011 Q1

[5] Acer’s gaming line includes desktops, notebooks, and monitors

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EMnify Data Streamer Launches New Integrations into Google Cloud Pub/Sub and Azure Event Hubs

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EMnify Data Streamer Launches New Integrations into Google Cloud Pub/Sub and Azure Event Hubs

EMnify, a leading cloud communication platform provider for IoT, announced new turnkey integrations into Azure Event Hubs and Google Cloud Pub/Sub via its EMnify Data Streamer – a feature that enables real-time streaming of connectivity data into the cloud and self-developed software stacks. These integrations empower IoT support and business teams whose applications are deployed on Azure and Google Cloud with complete network transparency to faster triage and resolve issues.

“When using traditional mobile services, connectivity data is often not easily accessible,” says Christian Henke, Head of Product at EMnify. “This leaves support teams in the dark when problems like excessive data consumption, roaming restrictions and network attachment failures arise.”

EMnify Data Streamer bridges this visibility gap by allowing IoT businesses to integrate real-time information on network events, service usage and costs directly into their applications and operational workflows. The new release extends Data Streamer integrations to Azure Event Hubs and Google Cloud Pub/Sub – besides the existing integration for Amazon Kinesis, Amazon S3, keen.io, Datadog, DevicePilot and Salesforce. Leveraging related services like Google BigQuery, Azure Times Series, and Azure PowerBI, users can build intuitive dashboards of all network activities and set up proactive alerts to stay informed of any abnormal events.

Integrating connectivity metadata with device and application data in their cloud services allows Enterprises to more quickly understand the root cause when no data is available for their customers – whether the problem lies in, for example, firmware updates, network attachment errors or the application not accepting incoming messages. 360-degree visibility further augments the overall security of IoT solutions against unknown security holes and zero-day exploits.

“The latest EMnify Data Streamer integrations upgrade the multi-cloud capabilities of our platform,” says Martin Giess, CTO and Co-Founder at EMnify. “They go in line with our automated cloud connect service which enables private networking between user devices, EMnify platform, and Azure or Google Cloud, securing end-to-end data communication and giving support teams remote device access.”

EMnify provides detailed guides on all available EMnify Data Streamer integrations, as well as how users can analyze and display connectivity data using supportive toolchains and third-party services.

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Indian Agri-tech startup, Arya Collateral showcases their expertise at 16th Philippine National Corn Congress

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arya collateral

Indian Agri-tech startup in the post-harvest solutions domain, Arya Collateral participated in Philippine’s 16th edition of National Corn Congress (PNCC) today. Organized by Philippines Maize Federation Inc. (PhilMaize) and the National Corn Board, the event marks the joint celebration of their National Farmers Day. Prasanna Rao, Managing Director, Arya Collateral participated as a resource speaker and showcased India’s work in the field of agri production. He also spoke in-depth on the topic of ‘Commodity Collateral Financing.’ The 16th PNCC was organised virtually this year with more than 3000 participants and 20 eminent speakers from the agriculture industry. Prasanna has been among the few Indians to have been invited to the event to date.

The theme of the event was “Maunlad na Magmamais; Kaakibat sa Pagbangon ng Ating Ekonomiya” translating to “Prosperous Corn Farmers, Key Partner to our Economic Recovery” highlighting the inclusive role of the local corn industry in contributing to the national economic recovery given the challenges of the on-going global pandemic. 

On the occasion, Prasanna Rao, Managing Director, Arya Collateral shared, “Arya has evolved to being the largest agri-warehousing service provider in India while servicing mostly the smaller primary and secondary agricultural markets. It also extends its market linkages and financial linkages services in more than 20 states in India. We feel that corn is an extremely important value chain for a country like India where the dependence on commodities like wheat and rice has traditionally been very high. Post-harvest losses can be reduced manifold using innovative farm gate level storage and embedded commodities collateral financing. We believe that more accessible credit and storage can contribute to food security. Such financing is an important component of a holistic approach to making agricultural credit and professional storage more accessible and we are striving for that through all our initiatives.”

Arya also highlighted its efforts in India to tackle the challenges that arrived due to the pandemic and also suggested how the Philippines can opt for them and implement them at the local level. Their recent initiative, A2ZGodaam enables farmers and other value chain stakeholders to easily find agri-warehouses, access credit and other post-harvest solutions across the country. Presently, about 3,000 warehouses (located in 300 districts) are listed on the platform. They have an aggregated area of about 45 million square feet with a storage capacity of 7.0 million tonnes. Besides, there are 76 service providers from insurance to local transportation that could be accessed through the platform.

Mr Roger Navarro, President Philmaize at the event expressed his desire to replicate the Arya experience of Commodity Collaterised finance in the Philippines. He also suggested that it is the way forward for Philippines’s corn farmer and can help stabilise prices and supplies and offer the best price and cost for farmers and consumers.

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BD to Invest $1.2 Billion in Pre-Fillable Syringe Manufacturing Capacity Over Next Four Years

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BD to Invest .2 Billion in Pre-Fillable Syringe Manufacturing Capacity Over Next Four Years

BD (Becton, Dickinson and Company) (NYSE: BDX), a leading global medical technology company, today announced plans to invest approximately $1.2 billion over a 4-year period to expand and upgrade manufacturing capacity and technology for pre-fillable syringes (PFS) and advanced drug delivery systems (ADDS) across its six global manufacturing locations and add a new manufacturing facility in Europe.

The new manufacturing facility in Europe is expected to be operational by the end of 2023. The investment will also fund capacity expansion, new product innovations, manufacturing technology enhancements and business continuity improvements across its existing network, all designed to maximize supply and reduce risks for pharmaceutical companies that rely on ready-to-fill syringes for their injectable drugs — including complex biologics, vaccines and small molecules.

“BD invented the ready-to-fill, pre-fillable syringe technology, and today’s announcement demonstrates our continued commitment to better serve our customers,” said Eric Borin, worldwide president of BD Pharmaceutical Systems. “Since 2018, BD has added 350 million units of manufacturing capacity for glass barrel pre-fillable syringes, and this new commitment will invest in additional upgrades at all of our Pharmaceutical Systems manufacturing facilities and across multiple product categories. In addition, this investment positions BD to have the needed surge capacity for increased pre-fillable syringe demand during times of pandemic response or periods of significant growth of new injectable drugs and vaccines. This significant investment in one of BD’s fastest growing business units will further advance our leadership position and enable continued strong growth in the years ahead.”

The six current manufacturing facilities for BD Pharmaceutical Systems that will see a portion of this investment include facilities in Columbus, Nebraska; Cuautitlán, Mexico; Fukushima, Japan; Le Pont-de-Claix, France; Swindon, United Kingdom; and Tatabánya, Hungary.

About BD

BD is one of the largest global medical technology companies in the world and is advancing the world of health by improving medical discovery, diagnostics and the delivery of care. The company supports the heroes on the frontlines of health care by developing innovative technology, services and solutions that help advance both clinical therapy for patients and clinical process for health care providers. BD and its 65,000 employees have a passion and commitment to help enhance the safety and efficiency of clinicians’ care delivery process, enable laboratory scientists to accurately detect disease and advance researchers’ capabilities to develop the next generation of diagnostics and therapeutics. BD has a presence in virtually every country and partners with organizations around the world to address some of the most challenging global health issues. By working in close collaboration with customers, BD can help enhance outcomes, lower costs, increase efficiencies, improve safety and expand access to health care.

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