Acer Reports March Consolidated Revenues at NT$27.48 Billion, Marking Nine Months of Consecutive YoY Growth

Rhea-AI Summary

Acer Inc. reports robust growth in March 2024 with consolidated revenues reaching NT$27.48 billion, showing 70.5% monthly and 13.8% yearly growth. Q1 2024 sees a total revenue of NT$58.83 billion, marking a 12.1% YoY increase. The company's strategic expansion in various business segments, including notebooks, desktops, gaming, and Chromebooks, drives revenue growth. Acer's focus on diversifying revenue sources beyond computers and displays is evident as non-traditional businesses contribute significantly to total revenues. Subsidiaries like Altos Computing Inc., Acerpure Inc., and Acer ITS Inc. also exhibit strong revenue growth in Q1 2024.

TAIPEI, April 10, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its March 2024 consolidated revenues at NT$27.48 billion with 70.5% growth month-on-month and 13.8% growth year-on-year (YoY), stimulated by AI applications and healthy channel inventory management, achieving nine consecutive months of YoY growth. Preliminary revenues for Q1 2024 reached NT$58.83 billion with 12.1% growth YoY. Some business highlights:

• Notebook business revenues grew 10.7% YoY in Q1
• Desktop business revenues grew 12.3% YoY in Q1
• Gaming business ^[1] revenues grew 9.5% YoY in Q1
• Chromebook business revenues grew 10.1% YoY in Q1

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 29.4% of the group's total revenues in Q1 2024. Acer's public subsidiaries have announced their March and Q1 revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 63.5% YoY in Q1
• Acerpure Inc. revenues grew 11.8% YoY in Q1
• Acer ITS Inc. revenues grew 44.0% YoY in Q1

[1] Acer's 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 7,700 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 are Acer Inc.'s consolidated revenues for March 2024?

Acer Inc. reported consolidated revenues of NT$27.48 billion for March 2024, reflecting a 70.5% growth month-on-month and a 13.8% growth year-on-year.

What is the total revenue for Q1 2024 for Acer Inc.?

Acer Inc. achieved a total revenue of NT$58.83 billion in Q1 2024, showcasing a 12.1% growth year-on-year.

How did Acer Inc.'s notebook business perform in Q1 2024?

Acer Inc.'s notebook business revenues grew by 10.7% year-on-year in Q1 2024.

What is the growth percentage of Acer Inc.'s gaming business in Q1 2024?

Acer Inc.'s gaming business revenues grew by 9.5% year-on-year in Q1 2024.

Which subsidiaries of Acer Inc. showed significant revenue growth in Q1 2024?

Subsidiaries like Altos Computing Inc., Acerpure Inc., and Acer ITS Inc. exhibited strong revenue growth in Q1 2024.