Foxconn second-quarter revenue jumps 40% y/y
Foxconn second-quarter revenue jumps 40% y/y TAIPEI, July 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and Nvidia's NVDA.O biggest server maker, reported on Sunday a jump of 39.8% in second-quarter revenue year on year, fuelled by strong AI-related demand.
Revenue for the quarter from April to June was T$2.513 trillion ($78.71 billion), Foxconn said in a statement, above the LSEG SmartEstimate of T$2.372 trillion that gives greater weight to forecasts from analysts who are more consistently accurate.
($1 = 31.9260 Taiwan dollars)
(Reporting by Ben Blanchard; Editing by William Mallard)
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