Acer Announces July Consolidated Revenues at NT$17.72 Billion, Growing 1.5% Year-on-year

Rhea-AI Summary

Acer Inc. announced its consolidated revenues for July at NT$17.72 billion with 1.5% growth YoY, and for year-to-July at NT$128.41 billion, down 23.6% YoY. Other businesses contributed 29.0% of total revenues. Acer's computers business returned to YoY growth in July. Key highlights include Vero eco-conscious line revenues growing 138.2% YoY and Chromebook business revenues growing 58.3% YoY.

Positive

• Acer's consolidated revenues for July increased by 1.5% YoY to NT$17.72 billion.
• For year-to-July, Acer's consolidated revenues were NT$128.41 billion, a decrease of 23.6% YoY.
• Businesses other than computers and displays accounted for 29.0% of total revenues in both July and year-to-July.
• Acer's computers business returned to YoY growth in July.
• Vero eco-conscious line revenues grew by 138.2% YoY in July.
• Chromebook business revenues increased by 58.3% YoY in July.

Negative

• None.

TAIPEI, Aug. 9, 2023 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for July at NT$17.72 billion with 1.5% growth year-on-year (YoY), and for year-to-July at NT$128.41 billion, down 23.6% YoY. Businesses other than computers and displays contributed 29.0% of total revenues during both periods.

Acer has seen its computers business bottom out, returning to YoY growth in July. Other business highlights include:

• Vero eco-conscious line revenues in July grew 138.2% YoY
• Chromebook business revenues in July grew 58.3% YoY
• Acerpure Inc. revenues in July grew 22.5% YoY
• Acer Mobile Power System Inc. revenues in July grew 1,630.4% YoY
• Servex (Malaysia) Sdn. Bhd. revenues in July grew 33.4% YoY
• Bluechip Infotech Pty. Ltd. revenues in July grew 20.0% YoY

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.

© 2023 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.

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SOURCE Acer

FAQ

What were Acer's consolidated revenues for July?

Acer's consolidated revenues for July were NT$17.72 billion.

What is the year-to-July consolidated revenue for Acer?

Acer's year-to-July consolidated revenue is NT$128.41 billion.

What percentage of total revenues did businesses other than computers and displays contribute?

Businesses other than computers and displays contributed 29.0% of total revenues.

Did Acer's computers business show YoY growth in July?

Yes, Acer's computers business returned to YoY growth in July.

How much did Vero eco-conscious line revenues grow in July?

Vero eco-conscious line revenues grew by 138.2% YoY in July.

What was the growth rate of Chromebook business revenues in July?

Chromebook business revenues increased by 58.3% YoY in July.