Acer Announces August Consolidated Revenues at NT$22.82 Billion, Up 5.2% Year-on-year

Rhea-AI Summary

Acer Inc. (TWSE: 2353) reported August consolidated revenues of NT$22.82 billion, marking a 5.24% year-on-year growth and 14 consecutive months of YoY increase. Year-to-August revenues reached NT$172.28 billion, up 14.8% YoY. The company's PC and display business grew 16.3% YoY year-to-August, while revenues from other businesses contributed 26.1% of total August revenues and 28.1% year-to-August.

Notable performances include Altos Computing Inc.'s 31.0% YoY growth in August, Acerpure Inc.'s 11.7% YoY growth, and Acer ITS Inc.'s 23.0% YoY growth. Acer also unveiled Genmotion.AI, an LLM-powered tool for 3D game content creation, and introduced new AI-powered laptops and gaming products at its global press conference in Berlin.

Positive

• August consolidated revenues increased by 5.24% year-on-year to NT$22.82 billion
• Year-to-August revenues grew 14.8% YoY to NT$172.28 billion
• PC and display business revenues increased 16.3% YoY year-to-August
• Altos Computing Inc. revenues grew 31.0% YoY in August and 88.1% YoY year-to-August
• Acerpure Inc. revenues increased 11.7% YoY in August and 26.1% YoY year-to-August
• Acer ITS Inc. revenues rose 23.0% YoY in August and 25.0% YoY year-to-August
• Launch of Genmotion.AI, an LLM-powered tool for 3D game content creation

Negative

• None.

TAIPEI, Sept. 9, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for August at NT$22.82 billion with 5.24% growth year-on-year (YoY), achieving 14 consecutive months of YoY growth. Consolidated revenues for year-to-August reached NT$172.28 billion with 14.8% growth YoY, while revenues from the personal computers^[1] and display business grew 16.3% YoY year-to-August.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 26.1% of the group's total revenues in August and 28.1% year-to-August. Acer's public subsidiaries have announced their August revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 31.0% YoY in August and 88.1% YoY year-to-August
• Acerpure Inc. revenues grew 11.7% YoY in August and 26.1% YoY year-to-August
• Acer ITS Inc. revenues grew 23.0% YoY in August and 25.0% YoY year-to-August

At the next@acer global press conference held on September 4 in Berlin, Acer subsidiary Winking Studios announced Genmotion.AI, a tool that utilizes LLMs to create 3D game content and animations. All training data are copyright-protected, with the entire motion capture process fully recorded on video and meticulously documented on the blockchain. A renowned law firm has attested to the integrity of the workflow, ensuring security and compliance.

Acer also announced a variety of products including its latest AI-powered laptops and new gaming products, designed to enable people to do more and go further in their work, gaming, and everyday life. Its concept Predator Project DualPlay integrates a game controller with a laptop for single or dual player usage, bringing a novel design to elevate the gaming experience.

[1] Personal computers business includes desktop and notebooks

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.

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FAQ

What was Acer's (ACEYY) consolidated revenue for August 2024?

Acer's consolidated revenue for August 2024 was NT$22.82 billion, representing a 5.24% year-on-year growth.

How many consecutive months of year-on-year growth has Acer (ACEYY) achieved as of August 2024?

As of August 2024, Acer has achieved 14 consecutive months of year-on-year growth in consolidated revenues.

What was Acer's (ACEYY) year-to-August revenue growth in 2024?

Acer's year-to-August consolidated revenues in 2024 reached NT$172.28 billion, showing a 14.8% growth year-on-year.

How much did Acer's (ACEYY) personal computers and display business grow year-to-August in 2024?

Acer's personal computers and display business grew 16.3% year-on-year for the year-to-August period in 2024.

What is Genmotion.AI, announced by Acer (ACEYY) subsidiary Winking Studios in September 2024?

Genmotion.AI is a tool that uses Large Language Models (LLMs) to create 3D game content and animations, with copyright-protected training data and blockchain-documented motion capture process.