Acer Reports November Consolidated Revenues of NT$28.85 Billion, Marking the Highest November in Eight Years

Rhea-AI Summary

Acer Inc. reported consolidated revenues of NT$28.85 billion for November 2021, the highest in eight years for the month, reflecting a 3.0% month-over-month and 0.5% year-over-year increase. Year-to-date revenues reached NT$289.3 billion, representing a 16.3% year-over-year growth. Noteworthy sectors include a 13.1% year-over-year increase in gaming revenues and a remarkable 186.1% year-over-year growth in rugged products for November. Business incubation efforts also showed significant revenue growth, particularly in MPS Energy, with an extraordinary increase of 571.1%.

Positive

• Consolidated revenues for November reached NT$28.85 billion, the highest in eight years.
• Year-to-date revenues increased to NT$289.3 billion, up 16.3% YoY.
• Gaming line revenues grew 13.1% YoY in November and 26.6% YoY for year-to-November.
• Commercial notebooks saw a 60.7% YoY increase in November revenues.
• Rugged products demonstrated a remarkable 186.1% YoY revenue growth.

Negative

• None.

TAIPEI, Dec. 8, 2021 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced today its consolidated revenues for November at NT$28.85 billion, marking the highest in eight years for the same period, up 3.0% month-over-month (MoM) and up 0.5% year-over-year (YoY). Consolidated revenues for year-to-November were NT$289.3 billion, up 16.3% YoY. In terms of US$, year-to-November revenues have reached US$10.3 billion, which is already 9.8% higher than the full-year revenues of 2020.

Business highlights for November include:

• Gaming line^[1]: Revenues grew 13.1% YoY for November and 26.6% YoY for year-to-November
• Commercial Notebooks: Revenues grew 60.7% YoY for November and 45.1% YoY for year-to-November
• Desktops: Revenues grew 37.8% YoY for November and 18.1% YoY for year-to-November
• Rugged Products: Revenues grew 186.1% YoY for November and 381.9% YoY for year-to-November

Acer's strategy to build multiple business engines to weather through the future continues to show good momentum, and listed subsidiaries have all reported their November business results, showing growth of 39.8% YoY in total.

Businesses under incubation have also showed exciting performance in November:

• YoY revenue for Highpoint Service Network grew by 162.8%
• YoY revenue for Altos Computing grew by 39.5%
• YoY revenue for MPS Energy grew by 571.1%

[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 7,500 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 November 2021?

Acer's consolidated revenues for November 2021 were NT$28.85 billion.

How much did Acer's year-to-date revenues grow by November 2021?

Acer's year-to-date revenues grew by 16.3% YoY, reaching NT$289.3 billion.

What is the growth rate of Acer's gaming revenues in November 2021?

Acer's gaming revenues grew by 13.1% YoY in November 2021.

Did Acer's rugged products see revenue growth in November 2021?

Yes, Acer's rugged products experienced a significant 186.1% YoY revenue growth in November 2021.

What was the revenue growth for Acer's commercial notebooks in November 2021?

Acer's commercial notebooks reported a revenue growth of 60.7% YoY in November 2021.