Taiwanese based Acer Inc. has announced that its third quarter financial results saw consolidated revenues of (NT$67.44 billion).
TAIPEI (November 2, 2023) 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 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 has seen higher profits and revenue since the pandemic. It attributes this increase to its continued investment and expansion into optimizing its computers and display business.