Having hit the spotlight for all the wrong reasons lately, Foxconn reported non-consolidated revenue of $9.43 billion in March.
This means that the revenues grew 17.83 percent on month and 29.70 percent year-on-year. Factoring in the company’s January-March period, which raked in 42.59 percent more on year, one would think that the negative media campaign actually did the company good.
The company attributed the growth to strong demands for consumer electronics. Foxconn’s list of clients includes the likes of Apple, Dell, HP, Intel, Microsoft, Nokia, Samsung and many other high profile names.
It is estimated that the company will do very well in Q2 of 2012 as well, due to shipments of consoles and other products.
More here.
Revenues up, nets down
Nedim Hadzic
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view itLatest from Nedim Hadzic