Acer Reports February Consolidated Revenues at NT$16.12 Billion, Achieving Eight Months of Consecutive YoY Growth

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Acer Inc. reports strong revenue growth in February 2024, with consolidated revenues reaching NT$16.12 billion and 9.8% YoY growth. The company achieved eight consecutive months of YoY growth, with year-to-February revenues at NT$31.35 billion and 10.7% YoY growth. Acer's notebook, gaming, and Chromebooks businesses showed impressive revenue growth. Additionally, businesses under incubation, such as Altos Computing Inc., Acerpure Inc., and Acer ITS Inc., reported significant revenue growth, showcasing Acer's diversified business strategy.

TAIPEI, March 7, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its February 2024 consolidated revenues at NT$16.12 billion with 9.8% growth year-on-year (YoY), achieving eight consecutive months of YoY growth. Year-to-February revenues reached NT$31.35 billion with 10.7% growth YoY. Some business highlights:

• Notebook business revenues grew 20.5% YoY in February; 11.4% YoY year-to-February
• Gaming business revenues grew 35.7% YoY in February; 14.7% YoY year-to-February
• Chromebooks business revenues grew 55.3% YoY in February; 50.2% YoY year-to-February

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 28.2% of the group's total revenues in February and 33.5% during year-to-February.

Some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 27.0% YoY in February; 45.9% YoY year-to-February
• Acerpure Inc. revenues grew 33.8% YoY in February; 16.8% YoY year-to-February
• Acer ITS Inc. revenues grew 118.3% YoY in February; 58.4% YoY year-to-February

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 are Acer Inc.'s consolidated revenues for February 2024?

Acer Inc.'s consolidated revenues for February 2024 were NT$16.12 billion with 9.8% YoY growth.

How did Acer Inc.'s notebook business perform in February 2024?

Acer Inc.'s notebook business revenues grew 20.5% YoY in February 2024.

What was the YoY growth of Acer Inc.'s gaming business in February 2024?

Acer Inc.'s gaming business revenues grew 35.7% YoY in February 2024.

Which businesses under incubation showed significant revenue growth for Acer Inc.?

Businesses under incubation like Altos Computing Inc., Acerpure Inc., and Acer ITS Inc. reported notable revenue growth for Acer Inc.

What percentage of Acer Inc.'s total revenues in February came from businesses other than computers and displays?

Total revenues from businesses other than computers and displays contributed 28.2% of Acer Inc.'s total revenues in February.

What was the YoY revenue growth for Acer ITS Inc. in February 2024?

Acer ITS Inc. reported a revenue growth of 118.3% YoY in February 2024.