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00:02Taiwan's Foxconn reported second quarter revenue rose 39.8% year-over-year to T2.513 trillion,
00:09or $78.71 billion, beating a T2.372 trillion LSEG smart estimate, according to Reuters.
00:17The company said strong AI demand drove robust growth in its cloud and networking products
00:22division. Smart consumer electronics, which includes iPhones, also posted strong growth.
00:28June revenue rose 52.1% from a year earlier to T2.821.8 billion, setting a record for that
00:37month.
00:38Foxconn said operations are expected to grow quarter-over-quarter and year-over-year in the
00:42third quarter, with AIRacks maintaining a growth trend. The company cautioned that it still needs
00:47to monitor the impact of a volatile global political and economic situation.
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