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Eye of Riyadh
Eye of Riyadh
Business & Money | Thursday 16 September, 2021 4:37 pm |
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Acer Reports Q2 2021 Results: Net Income of US$104 million

Acer Reports Q2 2021 Results: Net Income of US$104 million (NT$2.90 Billion), Highest in 11 Years with Strong 142.5% YoY Growth

Acer Middle East’s Year-to-Date (January 2021 to Juy 2021)& Year-on-Year results (compared against January 2020 to July 2020) show 48% revenue growth with success in key markets 

Acer Inc. has announced its global financial results for the second quarter of 2021, with consolidated revenues of US$2.85 billion (NT$79.78 billion), the highest in 11 years with 142.5 percent year-on-year (YoY) growth.

The company’s gross profits were US$346 million (NT$9.59 billion) with 12.0percent margin; operating income was US$143 million (NT$3.98 billion), with a historical high margin of 5.0percent; and net income was US$104 million (NT$2.90 billion).[1] In the six months ended June 30, 2021, Acer’s revenue reached US$5.47 billion (NT$151.33 billion), and net income reached US$203 million (NT$5.64 billion), up 221.8 percent YoY. 

Acer started the third quarter strongly with consolidated revenues for July at NT$26.10 billion, marking the highest in eight years over the same period, and growing by 12.3% year-on-year (YoY). For year-to-July, consolidated revenues reached NT$177.44 billion with 28.9% YoY growth.

This success is reflected in regional figures shared by Acer Middle East, which reported strong financial growth YoY and year to date (YtD) with overall revenues rising by 48 percent.This data includes revenue from January 2021 to July 2021 and is compared to data from January 2020 to July 2020.

Acer Middle East has registered notable success in key markets where the company enjoys strong sales and brand recognition among consumers. Egypt stands out as the best growing market, reporting a growth of 115 percent in this period. 

Oman, Kuwait, Qatar and Bahrain are the next best growing regions with a 60 percent revenue growth in each. The UAE recorded a 47 percent rise, while Saudi Arabia and the Levant each registered a 38 percent increase. 

Global business highlights among Acer’s product lines in the second quarter 2021 include the gaming line² that grew by 35.7 percent YoY, and Chromebooks that grew by 41.8 percent YoY.

Acer sees demand for the PC business remaining higher than supply with visibility to the end of the year. In addition, Acer’s fleet of listed subsidiary companies have reported their second quarter revenues and profits, which grew faster than the overall group performance, affirming the multiple business engines strategy.

To learn more about availability, product specifications and prices in specific markets, please contact your nearest Acer office via www.acer.com.

About Acer

Founded in 1976, today Acer is one of the world’s top ICT companies and has a presence in over 160 countries. As Acer looks into the future, it is focused on enabling a world where hardware, software and services will fuse with one another to open up new possibilities for consumers and businesses alike. From service-oriented technologies to the Internet of Things to gaming and virtual reality, Acer’s 7,000+ employees are dedicated to the research, design, marketing, sale, and support of products and solutions that break barriers between people and technology. Please visit www.acer.com for more information.

© 2021 Acer Inc. All rights reserved. Acer and the Acer logo are registered trademarks of Acer Inc. Celeron, Intel and the Intel logo are trademarks of Intel Corporation or its subsidiaries in the U.S. and/or other countries. Other trademarks, registered trademarks, and/or service marks, indicated or otherwise, are the property of their respective owners. All offers subject to change without notice or obligation and may not be available through all sales channels. Prices listed are manufacturer suggested retail prices and may vary by location. Applicable sales tax extra.

 


¹Net income is reported as profit-after-tax in Acer’s financial statements

 

²Includes gaming related products and businesses

 

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