Acer Incorporated has reported its financial results for the fourth quarter of 2023 and fiscal year 2023. In the fourth quarter, the company achieved consolidated revenues of NT$63.15 billion, gross profits of NT$6.91 billion with a 10.9% margin, operating income of NT$1.39 billion with a 2.2% margin, and net income of NT$1.02 billion with an earning-per-share (EPS) of NT$0.34. For the full year of 2023, Acer's consolidated revenues reached NT$241.31 billion, gross profits of NT$25.82 billion with a 10.7% margin, operating income of NT$4.23 billion with a 1.8% margin, and net income of NT$4.93 billion with an EPS of NT$1.64.
Acer's computer and display business has returned to profitability and seasonality, with controlled inventory. The company is optimistic about the business opportunities that artificial intelligence brings and considers Generative AI to become a megatrend in 2024 and beyond. Acer's strategy to build multiple business engines continued to make progress, with three subsidiaries going public during 2023, reaching a total of 12 public subsidiaries by year-end. Businesses other than computers and displays contributed 42.8% of the operating income in 2023.
The Board has approved a cash dividend of NT$1.6 per share, based on an ex-dividend record date of June 26 for distribution on July 25. The annual shareholders meeting will be held on May 31, 2024, at the Aspire Resort in Taoyuan.
Acer's strong financial performance and strategic initiatives demonstrate its resilience and growth potential in the technology industry.