Acer Inc. (TWSE: 2353) announced its consolidated revenues for May, reaching NT$21.13 billion with 18.4% growth month-on-month and 16.8% growth year-on-year (YoY). This marks 11 consecutive months of YoY growth for the company. Year-to-May consolidated revenues totaled NT$97.81 billion, reflecting a 15.9% YoY growth. The personal computers business saw significant growth, with a 26.0% YoY increase in May and 22.6% YoY growth year-to-May.
Acer's strategy to expand multiple business engines continued to gain momentum, with revenues from businesses other than computers and displays contributing 26.5% of the group's total revenues in May and 29.0% year-to-May. Some highlights for businesses under incubation include Altos Computing Inc., specializing in AI server and workstations, which saw its revenues grow 256.4% YoY in May and 111.4% YoY year-to-May. Acer ITS Inc. and Acerpure Inc. also reported strong revenue growth.
At the recent Computex Taipei, Acer showcased its range of AI products, including PCs, servers, and AI-assisted medical and smart city solutions, which received positive reception. The company's diversification into AI products and solutions appears to be a promising avenue for future growth.
Overall, Acer's strong performance in May 2024, particularly in the personal computers business and the growth of its other business engines, demonstrates the company's resilience and strategic expansion efforts in the evolving technology market.