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

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Nov 09, 2023, 04:37 ET

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.

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SOURCE Acer