Acer Announces Consolidated Revenues for October at NT$18.82 Billion, Year-to-October at NT$217.41 Billion with 10.1% Growth

Rhea-AI Summary

Acer reported consolidated revenues of NT$18.82 billion for October and NT$217.41 billion for year-to-October, marking a 10.1% year-on-year growth. The company's core PC and display business grew 9.3% YoY year-to-October. Notably, non-PC and display businesses contributed 32.5% of total revenues in October and 28.4% year-to-October. Among incubated businesses, Acerpure will begin trading on Taipei Exchange's emerging stock board on November 15, showing 57% YoY October growth. Altos Computing (AI servers) grew 26.3% in October, while Acer ITS increased 23.8% YoY.

Positive

• Overall revenue growth of 10.1% YoY for year-to-October
• Core PC and display business grew 9.3% YoY
• Non-PC businesses contributed significant 32.5% of October revenues
• Acerpure showed strong growth of 57% YoY in October
• Altos Computing (AI servers) achieved 71% YoY growth year-to-October
• Acer ITS demonstrated 33% YoY growth year-to-October

Negative

• None.

TAIPEI, Nov. 8, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for October at NT$18.82 billion, and for year-to-October at NT$217.41 billion with 10.1% growth year-on-year (YoY), while revenues from the personal computers^[1] and display business grew 9.3% YoY year-to-October.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 32.5% of the group's total revenues in October and 28.4% year-to-October. Acer's public subsidiaries have announced their October revenues; some highlights for businesses under incubation include:

• Acerpure Inc.'s stock (ticker: 7794) will start trading on the emerging stock board of the Taipei Exchange on November 15, its revenues grew 57.0% YoY in October and 48.4% YoY year-to-October
• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 26.3% YoY in October and 71.0% YoY year-to-October
• Acer ITS Inc. revenues grew 23.8% YoY in October and 33.0% YoY year-to-October

[1] Personal computers business includes desktop and notebooks

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.

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FAQ

What was Acer's (ACEYY) revenue for October 2024?

Acer's consolidated revenue for October 2024 was NT$18.82 billion.

How much did Acer's (ACEYY) PC and display business grow in 2024?

Acer's PC and display business grew 9.3% year-on-year for year-to-October 2024.

When will Acerpure start trading on the Taipei Exchange?

Acerpure will start trading on the emerging stock board of the Taipei Exchange on November 15, 2024.

What percentage of Acer's (ACEYY) revenue came from non-PC businesses in October 2024?

Non-PC and display businesses contributed 32.5% of Acer's total revenues in October 2024.