Acer Announces August Consolidated Revenues at NT$22.82 Billion, Up 5.2% Year-on-year

September 09, 2024 06:54 PM AEST | By Cision
Follow us on Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp

TAIPEI, Sept. 9, 2024 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its consolidated revenues for August at NT$22.82 billion with 5.24% growth year-on-year (YoY), achieving 14 consecutive months of YoY growth. Consolidated revenues for year-to-August reached NT$172.28 billion with 14.8% growth YoY, while revenues from the personal computers[1] and display business grew 16.3% YoY year-to-August.

Acer's strategy to expand multiple business engines continued to gain momentum. Total revenues from businesses other than computers and displays contributed 26.1% of the group's total revenues in August and 28.1% year-to-August. Acer's public subsidiaries have announced their August revenues; some highlights for businesses under incubation include:

  • Altos Computing Inc., specializing in AI server and workstations, its revenues grew 31.0% YoY in August and 88.1% YoY year-to-August
  • Acerpure Inc. revenues grew 11.7% YoY in August and 26.1% YoY year-to-August
  • Acer ITS Inc. revenues grew 23.0% YoY in August and 25.0% YoY year-to-August

At the next@acer global press conference held on September 4 in Berlin, Acer subsidiary Winking Studios announced Genmotion.AI, a tool that utilizes LLMs to create 3D game content and animations. All training data are copyright-protected, with the entire motion capture process fully recorded on video and meticulously documented on the blockchain. A renowned law firm has attested to the integrity of the workflow, ensuring security and compliance.

Acer also announced a variety of products including its latest AI-powered laptops and new gaming products, designed to enable people to do more and go further in their work, gaming, and everyday life. Its concept Predator Project DualPlay integrates a game controller with a laptop for single or dual player usage, bringing a novel design to elevate the gaming experience.

[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.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (“Kalkine Media, we or us”), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary.
The content published on Kalkine Media also includes feeds sourced from third-party providers. Kalkine does not assert any ownership rights over the content provided by these third-party sources. The inclusion of such feeds on the Website is for informational purposes only. Kalkine does not guarantee the accuracy, completeness, or reliability of the content obtained from third-party feeds. Furthermore, Kalkine Media shall not be held liable for any errors, omissions, or inaccuracies in the content obtained from third-party feeds, nor for any damages or losses arising from the use of such content.
Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyrighted to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have made reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

This disclaimer is subject to change without notice. Users are advised to review this disclaimer periodically for any updates or modifications.

Two ASX Listed Stocks Giving Bullish Indications

Recent Articles

Investing Tips

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.