Acer Announces May Consolidated Revenues at NT$21.13 Billion, Marking 11 Months of Consecutive YoY Growth

Rhea-AI Summary

Acer announced its consolidated revenues for May 2024 at NT$21.13 billion, showing an 18.4% month-on-month (MoM) growth and a 16.8% year-on-year (YoY) growth. This marks 11 consecutive months of YoY growth for the company. Cumulative revenues from January to May reached NT$97.81 billion, reflecting a 15.9% YoY rise. The personal computers (PC) segment exhibited a significant performance, with revenues increasing by 26.0% YoY in May and 22.6% YoY for the year to date. Non-PC segments contributed 26.5% and 29.0% of total revenues for May and the year-to-May, respectively. Notably, Altos Computing saw a remarkable 256.4% YoY revenue increase in May. Acer ITS and Acerpure also reported strong YoY revenue gains of 58.5% and 22.0%, respectively.

Positive

• May 2024 consolidated revenues: NT$21.13 billion.
• 18.4% MoM growth and 16.8% YoY growth in May 2024.
• 11 consecutive months of YoY growth.
• Year-to-May revenues: NT$97.81 billion, 15.9% YoY growth.
• PC business revenue growth: 26.0% YoY in May and 22.6% YoY year-to-May.
• Non-PC segments contributed 26.5% of May revenues and 29.0% year-to-May.
• Altos Computing revenue growth: 256.4% YoY in May and 111.4% YoY year-to-May.
• Acer ITS revenue growth: 58.5% YoY in May and 42.1% YoY year-to-May.
• Acerpure revenue growth: 22.0% YoY in May and 9.9% YoY year-to-May.

Negative

• Non-PC segments, despite growth, still represent a smaller portion of total revenues (26.5% for May, 29.0% year-to-May).
• Acerpure's YoY growth rate for year-to-May (9.9%) is relatively modest compared to other segments.

TAIPEI, June 11, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for May at NT$21.13 billion with 18.4% growth month-on-month and 16.8% growth year-on-year (YoY), achieving 11 consecutive months of YoY growth. Consolidated revenues for year-to-May reached NT$97.81 billion with 15.9% growth YoY, while revenues from the personal computers ^[1] business grew 26.0% YoY in May and 22.6% YoY year-to-May.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 26.5% of the group's total revenues in May and 29.0% year-to-May. Acer's public subsidiaries have announced their May revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 256.4% YoY in May and 111.4% YoY year-to-May
• Acer ITS Inc. revenues grew 58.5% YoY in May and 42.1% YoY year-to-May
• Acerpure Inc. revenues grew 22.0% YoY in May and 9.9% YoY year-to-May

At the recent Computex Taipei held in early June, Acer's showcase of its range of AI products including PCs, servers, and AI-assisted medical and smart city solutions was well received.

[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 consolidated revenues for May 2024?

Acer's consolidated revenues for May 2024 were NT$21.13 billion.

How much did Acer's revenues grow year-on-year (YoY) in May 2024?

Acer's revenues grew 16.8% YoY in May 2024.

How many consecutive months of YoY growth has Acer achieved?

Acer has achieved 11 consecutive months of YoY growth.

What is the growth of Acer's PC business revenues in May 2024?

Acer's PC business revenues grew 26.0% YoY in May 2024.

Which segment of Acer saw the highest YoY revenue growth in May 2024?

Altos Computing saw the highest YoY revenue growth in May 2024, with a 256.4% increase.

What percentage of Acer's total revenues in May 2024 came from non-PC segments?

26.5% of Acer's total revenues in May 2024 came from non-PC segments.

How much did Acer's year-to-May consolidated revenues grow YoY?

Acer's year-to-May consolidated revenues grew 15.9% YoY.

What was the YoY revenue growth for Acer ITS in May 2024?

Acer ITS's YoY revenue growth was 58.5% in May 2024.

How much did Acerpure's revenues grow YoY in May 2024?

Acerpure's revenues grew 22.0% YoY in May 2024.