Acer posts record revenues
 

Corona Virus was good for some

Acer seems to have done well out of the corona virus and announced its consolidated revenues for June at $2.22 billion up 27.2 percent month on month (MoM) and by 4.9 percent on last year.

Preliminary consolidated revenues for the second quarter 2020 reached US $2.22 billion, marking the highest in 10 quarters, and was up 34.3 percent QoQ and by 19 percent on last year.

For the year to June, consolidated revenues were $3.88 billion, up 4.2 percent on last year.

Among its regional operations, second quarter revenues QoQ was led by EMEA with 60 percent growth, and Pan America with 35.6 percent.

The company said it did well out of work-from-home and distance learning needs, in addition to the excellent end-to-end supply chain collaboration with its suppliers.

In terms of business lines, second quarter revenues grew QoQ for notebook PCs by 48.4 percent, monitors by 28.9 percent, gaming line by 70.9 per cent, and Chromebooks with 74.8 percent.

The momentum of Acer's multiple business engines continues to be strong, including Weblink International, Acer Cyber Security, Acer e-Enabling Service Business, and others.

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