Acer Reports December Consolidated Revenues at NT$23.69 Billion, Showing YoY Growth for Six Consecutive Months

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Acer Inc. (TWSE: 2353) reported a 17.8% month-on-month and 3.5% year-on-year growth in consolidated revenues for December 2023, marking the sixth consecutive month of year-on-year growth. Preliminary consolidated revenues for Q4 2023 totaled NT$63.15 billion with a 5.5% year-on-year growth and reached NT$241.32 billion for 2023. The computer-related business saw significant growth in Q4 2023, with notebook business revenues growing by 10.8% year-on-year, desktop business revenues by 6.2% year-on-year, and chromebook business revenues by 47.0% year-on-year. Businesses other than computers and displays contributed around 27% in December, Q4, and the whole year in 2023. Acer's subsidiaries also reported strong growth, with Altos Computing Inc. revenues growing by 41.1% year-on-year, Acer ITS Inc. revenues by 386.1% year-on-year, Acerpure Inc. revenues by 24.4% year-on-year, and Acer Mobile Power System Inc. revenues by 99.7% year-on-year. Acer's strategy to expand multiple business engines continued to gain momentum, with total revenues from businesses other than computers and displays growing by 11.8% year-on-year in 2023.

TAIPEI, Jan. 8, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its December 2023 consolidated revenues at NT$23.69 billion with 17.8% growth month-on-month and 3.5% growth year-on-year (YoY), marking the sixth consecutive month of YoY growth. Preliminary consolidated revenues for Q4 2023 summed up at NT$63.15 billion with 5.5% growth YoY and reached NT$241.32 billion for 2023.

Computer-related business grew well in Q4 2023:

• Notebook business revenues grew 10.8% YoY
• Desktop business revenues grew 6.2% YoY
• Chromebook business revenues grew 47.0% YoY

Business other than computers and displays contributed around 27% in December, Q4, and the whole year in 2023. All public listed subsidiaries have announced their business results according to regulations, highlights for businesses under incubation in Q4 2023 include:

• Altos Computing Inc. revenues grew 41.1% YoY
• Acer ITS Inc. revenues grew 386.1% YoY
• Acerpure Inc. revenues grew 24.4% YoY
• Acer Mobile Power System Inc. revenues grew 99.7% YoY

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays grew 11.8% YoY in 2023.

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 Inc.'s consolidated revenues for December 2023?

Acer Inc.'s consolidated revenues for December 2023 were NT$23.69 billion with 17.8% growth month-on-month and 3.5% growth year-on-year.

What were Acer Inc.'s preliminary consolidated revenues for Q4 2023?

Acer Inc.'s preliminary consolidated revenues for Q4 2023 totaled NT$63.15 billion with a 5.5% year-on-year growth.

What were Acer Inc.'s total revenues for 2023?

Acer Inc.'s total revenues for 2023 reached NT$241.32 billion.

How did Acer Inc.'s notebook business perform in Q4 2023?

Acer Inc.'s notebook business revenues grew by 10.8% year-on-year in Q4 2023.

What was the growth rate of Acer Inc.'s chromebook business in Q4 2023?

Acer Inc.'s chromebook business revenues grew by 47.0% year-on-year in Q4 2023.

What percentage did businesses other than computers and displays contribute in 2023?

Businesses other than computers and displays contributed around 27% in 2023.

How did Acer Inc.'s Altos Computing Inc. perform in Q4 2023?

Acer Inc.'s Altos Computing Inc. revenues grew by 41.1% year-on-year in Q4 2023.

What was the year-on-year growth of Acer Inc.'s total revenues from businesses other than computers and displays in 2023?

Total revenues from businesses other than computers and displays grew by 11.8% year-on-year in 2023.