Acer Announces July Consolidated Revenues at NT$23.45 Billion, Up 32.3% Year-on-year

Rhea-AI Summary

Acer Inc. (TWSE: 2353) reported strong financial performance for July 2024, with consolidated revenues reaching NT$23.45 billion, marking a 32.3% year-on-year growth. This achievement extends Acer's streak of consecutive YoY growth to 13 months. Year-to-July revenues totaled NT$149.45 billion, up 16.4% YoY. The company's core PC and display business saw significant growth, with revenues increasing 37.6% YoY in July and 18.8% YoY year-to-July.

Acer's diversification strategy continues to yield results, with businesses outside computers and displays contributing 27.0% of total revenues in July and 28.4% year-to-July. Notable performances from subsidiaries include Altos Computing Inc. (AI servers and workstations) with 30.1% YoY growth in July, Acerpure Inc. with 67.5% YoY growth, and Acer ITS Inc. with 42.6% YoY growth.

Positive

• Consolidated revenues grew 32.3% YoY to NT$23.45 billion in July 2024
• 13 consecutive months of year-on-year growth achieved
• Year-to-July revenues increased 16.4% YoY to NT$149.45 billion
• PC and display business revenues grew 37.6% YoY in July and 18.8% YoY year-to-July
• Diversification strategy successful with non-PC businesses contributing 27.0% of total revenues in July
• Altos Computing Inc. (AI servers) revenues grew 30.1% YoY in July and 96.8% YoY year-to-July
• Acerpure Inc. revenues increased 67.5% YoY in July and 28.8% YoY year-to-July
• Acer ITS Inc. revenues grew 42.6% YoY in July and 25.3% YoY year-to-July

Negative

• None.

TAIPEI, Aug. 8, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for July at NT$23.45 billion with 32.3% growth year-on-year (YoY), achieving 13 consecutive months of YoY growth. Consolidated revenues for year-to-July reached NT$149.45 billion with 16.4% growth YoY, while revenues from the personal computers ^[1] and display business grew 37.6% YoY in July and 18.8% YoY year-to-July.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 27.0% of the group's total revenues in July and 28.4% year-to-July. Acer's public subsidiaries have announced their July revenues; some highlights for businesses under incubation include:

• Altos Computing Inc., specializing in AI server and workstations, its revenues grew 30.1% YoY in July and 96.8% YoY year-to-July
• Acerpure Inc. revenues grew 67.5% YoY in July and 28.8% YoY year-to-July
• Acer ITS Inc. revenues grew 42.6% YoY in July and 25.3% YoY year-to-July

[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.

© 2024 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 was Acer's (ACEYY) consolidated revenue for July 2024?

Acer's consolidated revenue for July 2024 was NT$23.45 billion, representing a 32.3% year-on-year growth.

How many consecutive months of year-on-year growth has Acer (ACEYY) achieved as of July 2024?

As of July 2024, Acer has achieved 13 consecutive months of year-on-year growth.

What was the year-to-July 2024 revenue for Acer (ACEYY)?

Acer's year-to-July 2024 revenue reached NT$149.45 billion, showing a 16.4% year-on-year growth.

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

Acer's PC and display business grew 37.6% year-on-year in July 2024.

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

In July 2024, 27.0% of Acer's total revenue came from businesses other than computers and displays.