Acer Reports June Consolidated Revenues at NT$30.02 Billion, the Highest in Seven Years

Rhea-AI Summary

Acer Inc. reported its consolidated revenues for June at NT$30.02 billion, marking a 16.9% year-on-year increase and the highest revenue in seven years. Preliminary revenues for the second quarter of 2021 reached NT$79.78 billion, up 21.7% YoY. Year-to-June revenues totaled NT$151.33 billion, signifying a 32.2% YoY growth. Notable growth in product lines saw gaming products rise 35.7% and Chromebooks increase 41.8% YoY. All subsidiaries reported YoY revenue growth, supporting Acer’s ongoing multi-business strategy.

Positive

• June consolidated revenues at NT$30.02 billion, highest in seven years.
• Second quarter revenues reached NT$79.78 billion, up 21.7% YoY.
• Year-to-June revenues of NT$151.33 billion, reflecting 32.2% YoY growth.
• Gaming line grew 35.7% YoY; Chromebooks increased by 41.8% YoY.
• All subsidiaries reported YoY revenue growth.

Negative

• None.

TAIPEI, July 8, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for June at NT$30.02 billion, the highest in seven years, growing 16.9% year-on-year (YoY), or by 21.0% month-on-month. Preliminary consolidated revenues for the second quarter 2021 reached NT$79.78 billion, up 21.7% YoY or 11.5% quarter-on-quarter. For year-to-June, consolidated revenues were NT$151.33 billion with 32.2% YoY growth.

Business highlights among the product lines in the second quarter 2021 include the gaming line^[1] that grew by 35.7% YoY, and Chromebooks that grew by 41.8% YoY.

All of Acer's listed subsidiaries have reported separately with YoY revenue growth for the second quarter. The company's strategy to establish multiple business engines continues to gain momentum in the second quarter of 2021: Highpoint Service Network grew 9.1% YoY, Altos Computing grew 24.9% YoY, Acer ITS grew 32.2% YoY, and Acer Gadget Inc. grew 21.4% YoY.

[1]  Includes gaming related products and businesses

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.

© 2021 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 June 2021?

Acer's consolidated revenues for June 2021 were NT$30.02 billion.

How much did Acer's revenues grow in the second quarter of 2021?

Acer's revenues grew by 21.7% year-on-year in the second quarter of 2021.

What is the year-to-date revenue for Acer as of June 2021?

As of June 2021, Acer's year-to-date revenue totaled NT$151.33 billion.

Which product lines saw significant growth for Acer in Q2 2021?

Acer's gaming line grew by 35.7% YoY, and Chromebooks grew by 41.8% YoY in Q2 2021.

Did all subsidiaries of Acer report growth in Q2 2021?

Yes, all of Acer's listed subsidiaries reported year-on-year revenue growth in Q2 2021.