Acer Incorporated (TWSE: 2353) has announced its financial results for the first quarter of 2024. The company reported consolidated revenues of NT$58.83 billion, marking a 12.2% year-on-year (YoY) increase. Gross profits reached NT$6.20 billion, showing a 15.5% growth YoY and a 10.5% margin. Operating income was NT$781 million, up 227.4% YoY, with a 1.3% margin. Net income saw significant growth, reaching NT$1.20 billion, up 133.4% YoY, with earnings-per-share of NT$0.40.
In addition to the strong financial performance, Acer noted that businesses other than computers and displays contributed 29.4% of total revenues and 57.6% of operating income in the first quarter. This diversification in revenue sources showcases the company's ability to generate income from various segments.
These results indicate a positive trend for Acer Incorporated, with notable growth in gross profit, operating income, and net income. The company's ability to expand its revenue sources beyond traditional products like computers and displays demonstrates a strategic approach to business diversification and growth.