FX.co ★ Acer Revenues Climb In March, Q1

Acer Inc., a major hardware and electronics corporation based in Taiwan, unveiled on Wednesday that they experienced a significant increase in their consolidated revenues for March 2024. Their earnings amounted to a substantial NT$27.48 billion, marking a 13.8 percent escalation compared to the previous year.

This substantial financial uptick was also reflected when compared to the previous month of February, showcasing an impressive rise of 70.5 percent. Acer attributes this surge to the influence of AI applications and the effectiveness of their channel inventory management tactics.

In the broader scope of the first quarter, Acer's revenues reached an outstanding total of NT$58.83 billion, reflecting a year-over-year growth of 12.1 percent. They also witnessed growth in terms of their notebook business revenues, which heightened by 10.7 percent over the quarter. Additionally, there was a rise of 12.3 percent in desktop business revenues, 9.5 percent in gaming, and 10.1 percent in Chromebook.

Acer's total earnings saw non-computer and display businesses contributing to 29.4 percent of the group's aggregate revenue. Furthermore, the company observed substantial growth in their specialized sub-companies. Altos Computing Inc., which focuses on AI server and workstations, displayed an increase of 63.5 percent over the quarter. Meanwhile, Acerpure Inc. grew by 11.8 percent, and Acer ITS Inc. escalated by 44.0 percent.