Acer Inc., a key player in the ICT sector, records significant revenue increase in May 2024 driven by personal computers business and diversification into AI and advanced technologies. The company’s focus on expanding beyond traditional computing products appears to be a successful strategy, as it marks the 11th consecutive month of year-on-year growth amidst growing market interest in AI solutions and smart city technologies.
Acer Inc., a major player in the information and communication technology (ICT) sector, reported consolidated revenues of NT$21.13 billion for May 2024, reflecting an 18.4% month-on-month increase and a 16.8% rise year-on-year (YoY). This marks the 11th straight month of YoY growth for the company. From January to May 2024, Acer’s consolidated revenues stood at NT$97.81 billion, growing 15.9% compared to the same period last year.
The growth in revenue was largely driven by Acer’s personal computers business, which includes both desktops and notebooks. This segment saw a 26.0% YoY increase in May and a 22.6% rise over the first five months of the year.
Further diversifying its revenue streams, Acer has been focusing on expanding its business beyond traditional computing and display products. Non-computer and non-display businesses accounted for 26.5% of Acer’s total revenues in May and 29.0% for the year-to-date. This expansion strategy has seen multiple Acer subsidiaries contributing to the overall growth.
For instance, Altos Computing Inc., which specialises in AI servers and workstations, experienced a significant revenue surge of 256.4% YoY in May and 111.4% YoY for the year-to-date. Acer ITS Inc., another subsidiary focusing on intelligent transportation systems, saw a 58.5% YoY revenue increase in May and a 42.1% YoY rise year-to-date. Acerpure Inc., which deals in air quality solutions, reported a 22.0% YoY increase in May and a 9.9% year-to-date rise.
Highlighting its latest advancements, Acer showcased a range of AI products, including PCs, servers, as well as AI-assisted medical and smart city solutions, at Computex Taipei in early June. The showcase received positive feedback, indicating strong market interest in these new technologies.
Acer, founded in 1976, maintains a presence in over 160 countries with a commitment to merging hardware, software, and services. This approach aims to foster ecosystems that present new possibilities for both consumers and businesses. The company employs approximately 7,700 people, who are involved in research, design, marketing, sales, and support activities.
While Acer continues to grow its revenues through its traditional computing products, its strategy to diversify into AI and other advanced technologies seems to be a pivotal element of its business model. This balanced growth across various sectors may bolster Acer’s resilience against market fluctuations in individual segments, ensuring steady progress.
The positive financial results also come amidst broader trends in the technology sector, where an increasing demand for AI, smart city solutions, and intelligent computing systems is evident. As sectors such as healthcare, transportation, and air quality management evolve, the integration of technology and AI will likely become even more critical.
As of now, Acer’s continued innovation and diversified business strategy appear to be bearing fruit, ensuring its competitive edge in the rapidly evolving ICT industry.
