Acer Reports Q1 2022 Preliminary Consolidated Revenues of NT$78.37 Billion, Highest in 9 Years

Rhea-AI Summary

Acer Inc. has suspended its business operations in Russia due to ongoing conflicts and is prioritizing employee safety. The company's March consolidated revenues reached NT$30.31 billion, marking a 9.2% year-on-year increase. The first quarter revenues totaled NT$78.37 billion, up 9.5% year-on-year, the highest in nine years. Key growth areas included a 25.9% rise in gaming revenues and a 36.9% increase in commercial revenues. Overall, revenues from non-PC sectors grew 32.1% year-on-year.

Positive

• First quarter revenues reached NT$78.37 billion, up 9.5% YoY, the highest in nine years.
• Gaming revenues grew 25.9% YoY.
• Commercial business revenues increased by 36.9% YoY.
• Non-PC business revenues grew 32.1% YoY.

Negative

• Suspension of business in Russia due to conflict.

Acer has decided to suspend its business in Russia due to recent developments

TAIPEI, April 8, 2022 /PRNewswire/ -- Acer Inc. (2353.TW) announced today its consolidated revenues for March at NT$30.31 billion, up 9.2% year-on-year (YoY) and 32.3% month-over-month. Preliminary consolidated revenues for the first quarter of 2022 reached NT$78.37 billion, up 9.5% YoY, and marking the highest quarter of the same period in nine years. Acer's public subsidiaries have all announced their March revenues, and their first quarter revenues have risen by 37.1% YoY in total.

Business highlights for the first quarter include:

• Gaming business ^[1] revenues grew 25.9% YoY
• Commercial business ^[2] revenues grew 36.9% YoY
• Desktop business revenues grew 30.3% YoY
• Acer Gaming Inc. revenues grew 37.2% YoY
• MPS Energy Inc. revenues grew 172.3% YoY
• Acer ITS Inc. revenues grew 133.9% YoY
• Altos Computing Inc. revenues grew 391.2% YoY

Acer's strategy to build multiple business engines continues its momentum. The first quarter revenues of businesses other than PCs and displays grew 32.1% YoY, faster than the overall corporate growth.

Acer strictly adheres to applicable international trade laws and regulations, and is closely monitoring the conflict between Russia and Ukraine. Due to recent developments, Acer has decided to suspend its business in Russia. The company is focusing on the safety of all its employees, which includes ongoing efforts to help every individual and their families impacted by the current situation. Acer hopes that peace will be restored as soon as possible.

Acer's thoughts are with the affected people, and is working with several international agencies and NGOs on humanitarian support.

[1] Acer's gaming related products and businesses [2] Acer's commercial products, excluding Chromebooks

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.

© 2022 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 revenues for March 2022?

Acer reported consolidated revenues of NT$30.31 billion for March 2022.

What is Acer's first quarter revenue growth for 2022?

Acer's first quarter revenues reached NT$78.37 billion, up 9.5% year-on-year.

How much did Acer's gaming revenues grow in Q1 2022?

Acer's gaming revenues grew by 25.9% year-on-year in Q1 2022.

Why did Acer suspend its business in Russia?

Acer suspended its business in Russia due to ongoing conflicts and prioritized employee safety.

What was the growth rate of Acer's non-PC businesses in Q1 2022?

Acer's non-PC business revenues grew by 32.1% year-on-year in Q1 2022.