Acer Reports March Consolidated Revenues of NT$24.07 Billion, Up 114.3% Month-on-Month
TAIPEI, TAIWAN (April 9, 2020) Acer Inc. (TWSE: 2353) announced its consolidated revenues for March 2020 at NT$24.07 billion with growth of 114.3% month-on-month and 2.2% year-on-year. Preliminary consolidated revenues for the first quarter of 2020 reached NT$48.85 billion, down 10.7% year-on-year.
In March, Acer’s supply chain recovered strongly following the Chinese New Year holidays and impacts brought by the new coronavirus pandemic. The month of March also saw an upswing in market demand due to work-from-home and online learning needs.
In addition, the varied performances of Acer’s multiple new businesses due to the pandemic further strengthened the belief in its strategy to have a strong and broad business portfolio to weather through volatile external market conditions.