Acer Inc. (TWSE: 2353) announced its March 2024 consolidated revenues at NT$27.48 billion, reflecting a 70.5% growth month-on-month and a 13.8% growth year-on-year (YoY). This growth was attributed to the stimulation from AI applications and healthy channel inventory management, resulting in nine consecutive months of YoY growth. Preliminary revenues for Q1 2024 reached NT$58.83 billion, marking a 12.1% growth YoY.
The company's notebook, desktop, gaming, and Chromebook businesses all experienced significant YoY growth in Q1 2024. Additionally, Acer's strategy to expand multiple business engines continued to gain momentum, with total revenues from businesses other than computers and displays contributing 29.4% of the group's total revenues in Q1 2024.
Acer's public subsidiaries also reported strong revenue growth. Altos Computing Inc., specializing in AI server and workstations, saw its revenues grow by 63.5% YoY in Q1. Acerpure Inc. and Acer ITS Inc. also experienced notable revenue growth of 11.8% and 44.0% YoY, respectively.
The company's focus on AI applications and healthy channel inventory management has proven successful, leading to robust revenue growth across various business segments. This positive performance underscores Acer's ability to adapt to market demands and capitalize on emerging technologies, positioning the company for continued success in the future.