Acer Inc. (TWSE: 2353) announced its February 2024 consolidated revenues at NT$16.12 billion, marking a 9.8% year-on-year (YoY) growth and achieving eight consecutive months of YoY growth. The year-to-February revenues reached NT$31.35 billion with a 10.7% growth YoY. The company's notebook business revenues grew 20.5% YoY in February and 11.4% YoY year-to-February, while gaming business revenues saw a 35.7% YoY growth in February and 14.7% YoY growth year-to-February. Additionally, Chromebooks business revenues grew 55.3% YoY in February and 50.2% YoY year-to-February.
Acer's strategy to expand multiple business engines continued to gain momentum, with total revenues from businesses other than computers and displays contributing 28.2% of the group's total revenues in February and 33.5% during year-to-February. Businesses under incubation also showed promising growth, with Altos Computing Inc. specializing in AI server and workstations experiencing a 27.0% YoY revenue growth in February and 45.9% YoY growth year-to-February. Acerpure Inc. saw a 33.8% YoY revenue growth in February and 16.8% YoY growth year-to-February, while Acer ITS Inc. experienced a substantial 118.3% YoY revenue growth in February and 58.4% YoY growth year-to-February.
The company's diversified revenue streams and the success of its expansion strategy have contributed to its sustained growth. These results indicate Acer's ability to adapt to evolving market demands and capitalize on emerging opportunities, positioning the company for continued success in the future.