Acer Reports October Consolidated Revenues at NT$19.35 Billion, Up 7.2% Year-on-year

Rhea-AI Summary

Acer Inc. (TWSE: 2353) reported October consolidated revenues of NT$ 19.35 billion, marking a 7.2% YoY growth. Year-to-October revenues reached NT$ 197.52 billion, surpassing pre-pandemic levels. Key highlights include 13.9% growth in notebook business revenues, 27.7% growth in gaming business revenues, and 20.6% growth in Chromebook revenues. Acer's diversified business strategy is paying off, with subsidiaries like Acer Mobile Power System Inc., Altos Computing, Acerpure Inc., and Acer ITS Inc. also experiencing significant revenue growth.

Positive

• Strong revenue growth of 7.2% YoY in October
• Year-to-October revenues exceeded pre-pandemic levels
• Significant growth in notebook, gaming, and Chromebook revenues
• Diversified business strategy yielding positive results
• Multiple subsidiaries experiencing substantial revenue growth

Negative

• None.

Business other than computers and displays contributed 27.4% of October revenues

TAIPEI, Nov. 9, 2023 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its October consolidated revenues at NT$ 19.35 billion with 7.2% growth year-on-year (YoY). Year-to-October revenues reached NT$ 197.52 billion, which was higher than pre-pandemic (2016 to 2019) levels for the same period.

October business highlights:

• Notebook business revenues grew 13.9% YoY
• Gaming business ^[1] revenues grew 27.7% YoY
• Chromebook revenues grew 20.6% YoY

Acer has seen its computer business move back on the right track with inventory gradually coming under control, while new usage models based on generative AI are emerging.

Acer's strategy to establish multiple business engines through pushing its business scope boundaries has provided the company with more opportunities in the evolving industry dynamics. Eleven public subsidiaries have announced their revenues and highlights for businesses under incubation include:

• Acer Mobile Power System Inc. revenues in October grew 50.0% YoY
• Altos Computing revenues in October grew 24.2% YoY
• Acerpure Inc. revenues in October grew 25.5% YoY
• Acer ITS Inc. revenues in October grew 19.9% YoY

[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.

© 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 October consolidated revenues?

Acer Inc. reported October consolidated revenues of NT$ 19.35 billion.

How did Acer Inc.'s year-to-October revenues compare to pre-pandemic levels?

Year-to-October revenues reached NT$ 197.52 billion, surpassing pre-pandemic levels.

Which subsidiaries of Acer Inc. experienced significant revenue growth in October?

Subsidiaries like Acer Mobile Power System Inc., Altos Computing, Acerpure Inc., and Acer ITS Inc. all experienced substantial revenue growth in October.

What were the key highlights of Acer Inc.'s October business performance?

Key highlights include 13.9% growth in notebook business revenues, 27.7% growth in gaming business revenues, and 20.6% growth in Chromebook revenues.