Corporate, Financials

Acer Announces Q1 2024 Net Income at NT$1.20 Billion, Up 133.4% Year-on-year

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

 

TAIPEI (May 9, 2024) Acer Inc. (TWSE: 2353) announced its financial results for the first quarter of 2024. Consolidated revenues reached NT$58.83 billion, up 12.2% year-on-year (YoY); gross profits reached NT$6.20 billion with 15.5% growth YoY and 10.5% margin; operating income was NT$781 million, up 227.4% YoY, with 1.3% margin; and net income[1] was NT$1.20 billion with 133.4% growth YoY and earnings-per-share of NT$0.40.

In the first quarter, businesses other than computers and displays contributed 29.4% of total revenues, and 57.6% of operating income.

 

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

 

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Acer Incorporated

 

 

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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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