Acer Announces Q1 2023 Financial Results
Acer Inc. announced its financial results for the first quarter of 2023. Consolidated revenues reached NT$52.46 billion, gross profits reached NT$5.36 billion and maintained a margin of 10.2%, while inventory was further reduced to NT$39.46 billion in value. Operating income was NT$239 million and net income was NT$515.17 million with earnings-per-share (EPS) of NT$0.17. According to third-party data, Acer's PC market share held up at about the same level as during the first quarter last year.
Acer expects its business to have reached a low point in the first quarter, and that moving on, the computer and displays business will start to regain business momentum. Meanwhile, Acer's multiple businesses are gaining traction; based on the business progress, several more businesses will go public during 2023.
Acer expects its business to have reached a low point in the first quarter, and that moving on, the computer and displays business will start to regain business momentum. Meanwhile, Acer's multiple businesses are gaining traction; based on the business progress, several more businesses will go public during 2023.