Acer Announces April Consolidated Revenues at NT$17.85 Billion, Marking 10 Months of Consecutive YoY Growth

Rhea-AI Summary

Acer Inc. reported consolidated revenues of NT$17.85 billion for April, marking a 10-month consecutive year-on-year growth. The company's total revenues reached NT$76.68 billion for the year-to-April, showing a 15.7% growth YoY. Acer's various businesses, including notebooks, desktops, Chromebooks, and commercial products, saw significant revenue increases in April. The company's strategy to diversify revenue sources beyond computers and displays resulted in a substantial contribution to total revenues. Acer's subsidiaries, Altos Computing Inc. and Acer ITS Inc., also experienced substantial revenue growth. Acer is set to unveil new AI devices and solutions at the upcoming Computex tradeshow in June.

Positive

• Acer Inc. reported NT$17.85 billion in consolidated revenues for April, representing a 29.1% growth YoY.

• The company achieved 10 consecutive months of year-on-year revenue growth, with total revenues reaching NT$76.68 billion for the year-to-April, showing a 15.7% growth YoY.

• Notebook, desktop, Chromebook, and commercial business revenues all experienced significant growth in April.

• Acer's strategy to diversify revenue sources beyond computers and displays led to a substantial contribution of 31.0% of total revenues in April.

• Altos Computing Inc. and Acer ITS Inc., Acer's subsidiaries, saw remarkable revenue growth, with Altos Computing Inc. experiencing a 221.9% YoY growth in April.

• Acer will introduce new AI devices and solutions at the upcoming Computex tradeshow in June.

Negative

• None.

TAIPEI, May 10, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for April at NT$17.85 billion with 29.1% growth year-on-year (YoY), and achieving 10 consecutive months of YoY growth. Consolidated revenues for year-to-April reached NT$76.68 billion with 15.7% growth YoY.

Some highlights for businesses under incubation include:

• Notebook business revenues grew 27.7% YoY in April
• Desktop business revenues grew 26.2% YoY in April
• Chromebooks business revenues grew 93.4% YoY in April
• Commercial business^[1] revenues grew 14.3% YoY in April

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 31.0% of the group's total revenues in April and 29.6% year-to-April. Acer's public subsidiaries have announced their April revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 221.9% YoY in April
• Acer ITS Inc. revenues grew 19.8% YoY in April

Acer will announce new AI devices and solutions ahead of the upcoming Computex tradeshow, held from June 4 to 9 at the Taipei Nankang Exhibition Center, Hall 1.

[1] Acer's commercial products, excluding Chromebooks

About Acer

Founded in 1976, Acer is one of the world's top ICT companies with a presence in more than 160 countries. As Acer evolves with the industry and changing lifestyles, it is focused on enabling a world where hardware, software and services will fuse with one another, creating ecosystems and opening up new possibilities for consumers and businesses alike. Acer's 7,700 employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2024 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

View original content to download multimedia:https://www.prnewswire.com/news-releases/acer-announces-april-consolidated-revenues-at-nt17-85-billion-marking-10-months-of-consecutive-yoy-growth-302142149.html

SOURCE Acer

FAQ

What were Acer Inc.'s consolidated revenues for April?

Acer Inc. reported consolidated revenues of NT$17.85 billion for April.

How much was the year-on-year growth in Acer Inc.'s April revenues?

Acer Inc.'s April revenues showed a 29.1% growth year-on-year.

What was the total revenue for Acer Inc. for the year-to-April?

Acer Inc.'s total revenues reached NT$76.68 billion for the year-to-April, with a 15.7% growth YoY.

What new products will Acer Inc. unveil at the Computex tradeshow?

Acer Inc. will announce new AI devices and solutions at the Computex tradeshow from June 4 to 9.

Which Acer Inc. subsidiaries experienced significant revenue growth in April?

Altos Computing Inc. and Acer ITS Inc., Acer's subsidiaries, saw remarkable revenue growth in April.