Acer Announces Operating Income for Q3’24 at NT$1.60 Billion and for Year-to-September at NT$3.85 Billion with 36.1% Growth

TAIPEI (November 7, 2024) Acer Inc. (TWSE: 2353) announced its financial results for the third quarter of 2024: consolidated revenues were NT$72.69 billion with 8.3% growth quarter-on-quarter (QoQ) and 7.8% growth year-on-year (YoY); gross profits reached NT$7.68 billion, up 6.9% QoQ and 5.2% YoY, with 10.6% margin; operating income was NT$1.60 billion, up 9.2% QoQ and 3.7% YoY, with 2.2% margin; net income[1] was NT$1.50 billion, up 7.2% QoQ; and earnings per share was NT$0.50. Businesses other than computers and displays contributed 26.9% of total group revenues, while public subsidiaries contributed 26.4% of operating income.

For year-to-September, consolidated revenues were NT$198.66 billion with 11.5% growth YoY; gross profits reached NT$21.05 billion, up 11.3% YoY with 10.6% margin; operating income was NT$3.85 billion, up 36.1% YoY with 1.9% margin; net income[1] was NT$4.11 billion, up 5.0% YoY; and earnings per share was NT$1.37. Businesses other than computers and displays contributed 28.0% of total group revenues, while public subsidiaries contributed 36.5% of operating income.

To strengthen the company’s risk management, realize sustainable development goals, and enhance governance, Acer’s Board of Directors approved the reorganization of the former Risk Management Committee to become the “Risk Management and Sustainable Development Committee,” with expanded tasks of overseeing cyber security and corporate sustainability.

 

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

 

 

 

 

 

 

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About Acer

Founded in 1976, Acer is one of the world’s top technology companies with a presence in more than 160 countries. The company continues to evolve by embracing innovation across its offerings, which include computers and displays, while branching out to new businesses. Acer is also committed to sustainable growth, exploring new opportunities that align with its environmental and social responsibilities. The Acer Group employs over 9,000 employees that contribute to the research, design, marketing, sales and support of products, solutions, and services that break barriers between people and technology. Visit www.acer.com for more information.

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