Acer Reports Consolidated Revenues in July at NT$17.46 billion and Year-to-July at NT$168.18 Billion, down 5.2% YoY

Rhea-AI Summary

Acer Inc. reported consolidated revenues of NT$17.46 billion for July, down 5.2% year-to-date at NT$168.18 billion. However, commercial business revenues grew 10.9% year-on-year. The company's strategy to diversify beyond PCs is paying off, with non-PC revenues accounting for 26.6% of total revenues. Significant growth was noted in subsidiaries, such as Acer Gadget Inc. (21% YoY), MPS Energy Inc. (46.5% YoY), Altos Computing Inc. (119.4% YoY), and AcerPure Inc. (75.5% YoY).

Positive

• Commercial business revenues grew 10.9% YoY.
• Non-PC revenues contributed 26.6% to total revenues.
• Acer Gadget Inc. revenues increased 21% YoY.
• MPS Energy Inc. revenues grew 46.5% YoY.
• Altos Computing Inc. revenues surged 119.4% YoY.
• AcerPure Inc. revenues rose 75.5% YoY.

Negative

• Consolidated revenues decreased by 5.2% year-to-date.

TAIPEI, Aug. 9, 2022 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for July at NT$17.46 billion, and for year-to-July at NT$168.18 billion which was down 5.2%. Revenues for the commercial business^[1] grew 10.9% year-on-year (YoY) for year-to-July.

Acer's strategy to strengthen its multiple business engines continues to gain momentum, businesses other than PCs and displays reached 26.6% of total revenues in July. Eight public subsidiaries' revenues grew 28.8% YoY overall for year-to-July, while some initiatives under incubation have shown significant growth:

• Acer Gadget Inc. revenues grew 21% year-to-July YoY
• MPS Energy Inc. revenues grew 46.5% year-to-July YoY
• Altos Computing Inc. revenues grew 119.4% year-to-July YoY
• AcerPure Inc. revenues grew 75.5% year-to-July YoY

[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 7,500 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.

© 2022 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 2022?

Acer's consolidated revenues for July 2022 were NT$17.46 billion.

How much did Acer's revenues decline year-to-date?

Acer's revenues declined by 5.2% year-to-date, totaling NT$168.18 billion.

What growth did Acer's commercial business experience?

Acer's commercial business revenues grew by 10.9% year-on-year.

What percentage of revenue came from non-PC sources in July?

Non-PC revenues accounted for 26.6% of total revenues in July.

Which Acer subsidiaries reported significant revenue growth?

Acer Gadget Inc., MPS Energy Inc., Altos Computing Inc., and AcerPure Inc. reported significant revenue growth.