Acer Inc. (TWSE: 2353) announced today its financial results for the fourth quarter of 2023 and fiscal 2023 ended December 31. In the fourth quarter, Acer reported consolidated revenues of NT$63.15 billion, gross profits of NT$6.91 billion with 10.9% margin, operating income of NT$1.39 billion with 2.2% margin, and net income [1] of NT$1.02 billion with earning-per-share (EPS) of NT$0.34.

For the full year of 2023, consolidated revenues reached NT$241.31 billion, gross profits of NT$25.82 billion with 10.7% margin, operating income was NT$4.23 billion with 1.8% margin, and net income was NT$4.93 billion with earning-per-share (EPS) of NT$1.64. Acer's computer and display business has returned to the right track of profitability and seasonality while inventory is under control. The company is optimistic about the business opportunities that artificial intelligence brings and considers Generative AI to become a megatrend in 2024 and beyond.