Acer Inc’s (宏碁) new businesses will “mature” this year and become its main growth driver in the next year, founder and former chairman Stan Shih (施振榮) said yesterday.
The company spent last year transforming itself, Shih said, adding that Acer’s strategy of committing its hardware, software and services to cloud-computing solutions in its “Build Your Own Cloud” initiative is on the right track.
“Acer is like a big ship sailing in the ocean, but we lost direction in the past few years. We spent the entire year [last year] steadying ourselves, and I think now we have found the right direction to a new continent,” Shih said at the company’s annual year-end banquet for employees.
Shih said he hopes that Acer employees remain confident in the company, adding that he expects Acer’s new businesses to blossom next year to mark the company’s 40th anniversary.
Chief executive Jason Chen (陳俊聖) said Acer will continue to invest in cloud computing this year, aiming to be profitable by year’s end.
“Our goal is to keep Acer’s core business and new businesses profitable and growing this year,” Chen said.
Acer’s annual revenue last year dropped 8.43 percent from the previous year to an eight-year low of NT$329.84 billion (US$10.49 billion).
Acer shares closed at NT$20.4 in Taipei trading yesterday, up 0.25 percent from the previous day, underperforming the TAIEX, which gained 0.69 percent.
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