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Foxconn reports Q1 revenue up 24% YoY to ~$54B, net profit up 91% YoY to ~$1.38B, above est.,; cloud and networking, like AI servers, was 34% of its Q1 revenue (Sherry Qin/Wall Street Journal) from Techmeme RSS feed.
Foxconn reports Q1 revenue up 24% YoY to ~$54B, net profit up 91% YoY to ~$1.38B, above est.,; cloud and networking, like AI servers, was 34% of its Q1 revenue (Sherry Qin/Wall Street Journal)
Sherry Qin / Wall Street Journal:
Foxconn reports Q1 revenue up 24% YoY to ~$54B, net profit up 91% YoY to ~$1.38B, above est.,; cloud and networking, like AI servers, was 34% of its Q1 revenue — The company still expects AI servers to be a growth driver this year — Foxconn Technology Group reported strong first-quarter results …