Acer Announces June Consolidated Revenues at NT$28.19 Billion, Marking 12 Months of Consecutive YoY Growth, and Highest in 24 Months

Rhea-AI Summary

Acer announced June consolidated revenues of NT$28.19 billion, marking a 33.4% month-on-month and 7.1% year-on-year (YoY) growth, achieving 12 consecutive months of YoY growth and the highest revenue in 24 months. Year-to-June revenues reached NT$126.00 billion, reflecting a 13.8% YoY growth. Their personal computers and displays business grew 16.9% in Q2 and 15.8% YoY year-to-June. Non-PC/display businesses contributed 27.6% of June's total revenues and 28.6% year-to-June. Public subsidiaries showed significant growth: Altos Computing Inc.'s revenues surged 163.0% YoY in Q2, Acerpure Inc. grew 32.8% YoY in Q2, and Acer ITS Inc. revenues increased by 8.8% YoY in Q2. Acer also acquired new office space in California, USA, and Taipei City, Taiwan.

Positive

• June consolidated revenues of NT$28.19 billion, 7.1% YoY growth.
• 12 consecutive months of YoY growth.
• Year-to-June revenues of NT$126.00 billion, 13.8% YoY growth.
• Personal computers and displays business grew 16.9% in Q2 and 15.8% YoY year-to-June.
• Non-PC/display businesses contributed 27.6% of June's total revenues and 28.6% year-to-June.
• Altos Computing Inc. revenues surged 163.0% YoY in Q2.
• Acerpure Inc. revenues grew 32.8% YoY in Q2.
• Acer ITS Inc. revenues increased by 8.8% YoY in Q2.

Negative

• None.

TAIPEI, July 9, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for June at NT$28.19 billion with 33.4% growth month-on-month and 7.1% growth year-on-year (YoY), achieving 12 consecutive months of YoY growth. Consolidated revenues for year-to-June reached NT$126.00 billion with 13.8% growth YoY, while revenues from the personal computers and displays^[1] business grew 16.9% in Q2 and 15.8% YoY year-to-June.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 27.6% of the group's total revenues in June and 28.6% year-to-June. Acer's public subsidiaries have announced their June revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 163.0% YoY in Q2 and 106.4% YoY year-to-June
• Acerpure Inc. revenues grew 32.8% YoY in Q2 and 22.5% YoY year-to-June
• Acer ITS Inc. revenues grew 8.8% YoY in Q2 and 22.4% YoY year-to-June

After acquiring an office building in Santa Clara, California, USA, Acer's subsidiaries Acer Cyber Security Inc, AEB and Weblink are moving into newly purchased office space located in Nangang, Taipei City, Taiwan, marking Acer's long-term commitment to business sustainability.

[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.

© 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.

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SOURCE Acer

FAQ

What were Acer's June consolidated revenues?

Acer's June consolidated revenues were NT$28.19 billion, marking a 33.4% month-on-month and 7.1% year-on-year growth.

How many consecutive months of YoY growth has Acer achieved?

Acer has achieved 12 consecutive months of YoY growth.

What is the year-to-June revenue growth rate for Acer?

Acer's year-to-June revenue growth rate is 13.8% YoY, reaching NT$126.00 billion.

How much did Acer's personal computers and displays business grow in Q2?

Acer's personal computers and displays business grew 16.9% in Q2.

What percentage of Acer's total revenues in June came from non-PC/display businesses?

Non-PC/display businesses contributed 27.6% of Acer's total revenues in June.

What was the YoY revenue growth for Altos Computing Inc. in Q2?

Altos Computing Inc.'s revenues grew 163.0% YoY in Q2.

How much did Acerpure Inc.'s revenues grow YoY in Q2?

Acerpure Inc.'s revenues grew 32.8% YoY in Q2.

What is the new office location for Acer and its subsidiaries?

Acer and its subsidiaries are moving into new office space in Nangang, Taipei City, Taiwan, and have acquired a new office building in Santa Clara, California, USA.