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

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.

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.

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

The information provided in this article was created by Cision PR Newswire, our news partner. The author's opinions and the content shared on this page are their own and may not necessarily represent the perspectives of Thailand Business News.