Acer Announces Q2-2020 Results, Posts Record Revenues in Over 10 Quarters
Acer Inc. (TWSE: 2353) announced its consolidated revenues for June at NT$25.67 billion, up 27.2% month-on-month (MoM) and by 4.9% year-on-year (YoY). Preliminary consolidated revenues for the second quarter 2020 reached NT$65.60 billion, marking the highest in 10 quarters, and was up 34.3% QoQ and by 19.0% YoY. For year-to-June, consolidated revenues were NT$114.46 billion, up 4.2% YoY.
Among its regional operations, second quarter revenues QoQ was led by EMEA with 60.0% growth, and Pan America with 35.6% growth. In most countries, Acer benefitted from work-from-home and distance learning needs, in addition to the excellent end-to-end supply chain collaboration with its suppliers.
Among its regional operations, second quarter revenues QoQ was led by EMEA with 60.0% growth, and Pan America with 35.6% growth. In most countries, Acer benefitted from work-from-home and distance learning needs, in addition to the excellent end-to-end supply chain collaboration with its suppliers.