Acer Reports May Consolidated Revenues at NT$24.81 Billion, Highest in Seven Years for the Same Period

Rhea-AI Summary

Acer Inc. reported consolidated revenues of NT$24.81 billion for May 2021, marking a 22.9% year-on-year increase and the highest figure in seven years. Year-to-date revenues reached NT$121.31 billion, reflecting a 36.6% growth. Key contributors included a 30.1% increase in Chromebook sales and a 15.3% rise in gaming products. All subsidiaries also reported year-on-year revenue growth, with notable increases from E-TEN Information Systems at 51.1%, GadgeTek at 36.3%, and Altos Computing at 67.3%.

Positive

• Consolidated revenues for May reached NT$24.81 billion, the highest in seven years.
• Year-to-date revenue of NT$121.31 billion with 36.6% YoY growth.
• Chromebooks sales increased by 30.1% YoY.
• Gaming product sales grew by 15.3% YoY.
• All listed subsidiaries reported YoY revenue growth.

Negative

• May revenues were down 0.6% month-on-month.

TAIPEI, June 9, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for May at NT$24.81 billion, the highest in seven years^[1] over the same period, up 22.9% year-on-year (YoY), or flattish month-on-month (down 0.6%). For year-to-May, consolidated revenues were NT$121.31 billion with 36.6% YoY growth.

Business highlights among the product lines in May include Chromebooks that grew by 30.1% YoY and the gaming line^[2] that grew by 15.3% YoY. Acer continues to see demand for orders exceeding supplies.

The company's multiple business engines continue to gain momentum, and all of the listed subsidiaries have announced YoY revenue growth in May. In addition, year-on-year we see E-TEN Information Systems with 51.1% growth, GadgeTek with 36.3%, and Altos Computing with 67.3% growth.

[1] Since 2015

[2] 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 in May 2021?

Acer's consolidated revenues for May 2021 were NT$24.81 billion.

What is the year-on-year growth percentage for Acer's revenues in May 2021?

Acer's revenues in May 2021 saw a growth of 22.9% year-on-year.

How much have Acer's revenues grown year-to-date in 2021?

Year-to-date revenues for Acer reached NT$121.31 billion, reflecting a 36.6% growth.

What was the YoY growth in Acer's Chromebook sales?

Acer's Chromebook sales increased by 30.1% year-on-year.

Which Acer subsidiary reported the highest revenue growth in May 2021?

E-TEN Information Systems reported the highest revenue growth at 51.1% year-on-year.