ACER INC S/GDR REG S - $ACEYY STOCK NEWS

Acer Inc. reported strong financial results for Q1 2024 with a net income of NT$1.20 billion, up 133.4% YoY. Gross profit, operating income, and net income margins all showed growth. Consolidated revenues reached NT$58.83 billion, up 12.2% YoY. Non-computer and display businesses contributed significantly to total revenues and operating income.

Acer Inc. has been recognized among the top 5% of companies in the S&P Global Sustainability Yearbook 2024 for its sustainable practices. This marks the fourth consecutive year Acer has been listed in the yearbook, showcasing its commitment to corporate sustainability and social responsibility. Acer's achievements include maximum scores in the Social component and validation by the Science Based Targets initiative for its GHG emissions reduction goals.

Acer has partnered with Plastic Bank to collect 50 tons of plastic waste in 2024, preventing 2.5 million plastic bottles from entering the ocean. The partnership supports under-developed communities by offering income opportunities and social benefits. Acer's ESG goals include using 20-30% Post-Consumer Recycled plastic in products by 2025 and achieving net-zero emissions by 2050.

Acer expands its Chromebook Plus laptop lineup with the new 14-inch model powered by Intel Core processors. The Acer Chromebook Plus 514 features an Intel Core i3-N305 processor, 14-inch Full HD display, up to 11 hours of battery life, and advanced video conferencing technology. The Chromebook offers enhanced performance, AI-powered photo editing, creative apps, and more storage options. It is designed to be compact, durable, and ideal for all-day productivity. The new line will be sold in configurations with up to 512 GB of storage. The Acer Chromebook Plus 514 supports Earthion mission with eco-friendly features and sustainable design. It is available with Chrome Education Upgrade for seamless device management in schools and Chrome Enterprise Upgrade for business capabilities. The Chromebook will be available in North America in May, starting at USD 399.99, and in EMEA in June, starting at EUR 479.

Acer Inc. reports robust growth in March 2024 with consolidated revenues reaching NT$27.48 billion, showing 70.5% monthly and 13.8% yearly growth. Q1 2024 sees a total revenue of NT$58.83 billion, marking a 12.1% YoY increase. The company's strategic expansion in various business segments, including notebooks, desktops, gaming, and Chromebooks, drives revenue growth. Acer's focus on diversifying revenue sources beyond computers and displays is evident as non-traditional businesses contribute significantly to total revenues. Subsidiaries like Altos Computing Inc., Acerpure Inc., and Acer ITS Inc. also exhibit strong revenue growth in Q1 2024.

Acer Inc. (TWSE: 2353) announced its financial results for Q4 2023 and fiscal 2023, reporting NT$63.15 billion in Q4 revenues, NT$6.91 billion in gross profits, and NT$1.02 billion in net income. For the full year, Acer achieved NT$241.31 billion in revenues, NT$25.82 billion in gross profits, and NT$4.93 billion in net income.

Acer Inc. reports strong revenue growth in February 2024, with consolidated revenues reaching NT$16.12 billion and 9.8% YoY growth. The company achieved eight consecutive months of YoY growth, with year-to-February revenues at NT$31.35 billion and 10.7% YoY growth. Acer's notebook, gaming, and Chromebooks businesses showed impressive revenue growth. Additionally, businesses under incubation, such as Altos Computing Inc., Acerpure Inc., and Acer ITS Inc., reported significant revenue growth, showcasing Acer's diversified business strategy.

Acer Inc. (TWSE: 2353) reported January 2024 consolidated revenues of NT$15.23 billion, marking an 11.7% year-on-year growth. The company achieved seven months of consecutive YoY growth, with notable increases in Chromebooks, desktop, and Altos Computing Inc. revenues. Acer's strategy to diversify its business engines also showed promising results, with non-computer and display businesses contributing 39.2% to the total revenues in January.

Acer Inc. (TWSE: 2353) reported a 17.8% month-on-month and 3.5% year-on-year growth in consolidated revenues for December 2023, marking the sixth consecutive month of year-on-year growth. Preliminary consolidated revenues for Q4 2023 totaled NT$63.15 billion with a 5.5% year-on-year growth and reached NT$241.32 billion for 2023. The computer-related business saw significant growth in Q4 2023, with notebook business revenues growing by 10.8% year-on-year, desktop business revenues by 6.2% year-on-year, and chromebook business revenues by 47.0% year-on-year. Businesses other than computers and displays contributed around 27% in December, Q4, and the whole year in 2023. Acer's subsidiaries also reported strong growth, with Altos Computing Inc. revenues growing by 41.1% year-on-year, Acer ITS Inc. revenues by 386.1% year-on-year, Acerpure Inc. revenues by 24.4% year-on-year, and Acer Mobile Power System Inc. revenues by 99.7% year-on-year. Acer's strategy to expand multiple business engines continued to gain momentum, with total revenues from businesses other than computers and displays growing by 11.8% year-on-year in 2023.