Acer Reports October Consolidated Revenue at NT$ 18.05 Billion | Media Pyro

Focusing on reducing inventory and increasing net cash

TAIPEI, November 9, 2022 /PRNewswire/ — Acer Inc. reports (TWSE: 2353) its consolidated income in October at NT$18.05 billion. His income reached from a year to October NT$233.63 billion, down 10.3% year on year YoY. Acer is focusing on reducing inventory levels and increasing net cash to weather the industry’s challenges.

Business highlights include:

• Businesses other than personal computers and displays contributed 25.5% of total revenue in October, compared to 17.1% in October last year
• Businesses other than personal computers and displays contributed 20.8% of total revenue in the year to October, compared with 16.8% in the same period last year
• Business revenue excluding personal computers and displays increased by 13.1% year to October, YoY
• All of Acer’s public subsidiaries announced their earnings in October, as well, highlights of the incubated companies include:
• Altos Computing Inc.’s revenue increased. 149.9% year to October, YoY
• AcerPure Inc.’s revenue grew 45.8% year to October, YoY

Acer is committed to ESG (environmental, social, governance) initiatives as a sustainable business. The eco-conscious Vero line built with recycled materials has been well received in the market. Revenue from the Vero business grew more than 30% in October YoY.

About Acer

Founded in 1976, Acer is one of the world’s leading 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 converge, creating ecosystems and opening new possibilities for consumers and businesses alike. Acer’s 7,700 employees are dedicated to researching, designing, marketing, selling, and supporting products and solutions that break down barriers between people and technology. Visit www.acer.com for more information.

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SOURCE Acer