Acer Announces Q3 2023 Net Income at NT$2.01 Billion, up 44.2% Quarter-on-quarter

November 02, 2023 08:40 PM AEDT | By Cision

Acer Announces Q3 2023 Net Income at NT$2.01 Billion, up 44.2% Quarter-on-quarter — Image source: Kalkine Media

Recent News

Workflow Optimization: New Report From Simpro Reveals How Digital Tool...

University of Melbourne’s Mobile Learning Unit (MLU) Selects Rimini So...

Barclays starts coverage of retailers: Gildan Activewear at Buy, Kohl’...

Australia Construction Industry Databook 2025 | Australian Residential...

Margins for gross profit, operating income, and net income all grow both year-on-year and quarter-on-quarter

TAIPEI, Nov. 2, 2023 /PRNewswire/ -- Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2023: consolidated revenues were NT$67.44 billion with 15.8% growth quarter-on-quarter (QoQ) and 3.9% growth year-on-year (YoY); gross profits reached NT$7.29 billion with 10.8% margin, higher than both the previous quarter and the same period last year; operating income was NT$1.55 billion, up 47.8% QoQ and 86.6% YoY, with 2.3% margin; net income^[1] was NT$2.01 billion, up 44.2% QoQ and 7.0% YoY; and earnings per share was NT$0.67.

In the third quarter, businesses other than computers and displays contributed 24.2% of total revenues, and 30.0% of operating income. For year-to-quarter, businesses other than computers and displays contributed 27.2% of total revenues and 49.7% of operating income.

Acer Group's revenue and profit have reached a new high after the pandemic. Due to new business expansion and contributions, along with the optimization of the computers and displays business, the revenue and profit are also better than pre-pandemic levels.

^[1] Net income is reported as profit-after-tax in Acer's financial statements

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.

© 2023 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. 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 copyright 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 used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.