Foxconn posts record USD 1.86 bn profit in Apr-June quarter, up 35% YoY on AI server demand
Taipei [Taiwan], August 12 (ANI): Foxconn reported its highest-ever net profit for the second quarter, rising 35 per cent year-on-year to NT$59.97 billion (USD 1.86 billion), as cloud and networking products accounted for more than half of its revenue amid strong demand linked to AI infrastructure investments, according to a news report by Focus Taiwan.
The report noted that the company’s net profit for the April-June quarter rose 20 per cent from the previous quarter, while earnings per share increased to NT$4.27 (USD 0.133) from NT$3.19 (USD 0.099) a year earlier and NT$3.56 (USD 0.111) in the first quarter.
