Foxconn Industrial Internet Revenue Jumps 57% but Misses Estimates
businesscompany-earnings 1 posts · 1 accounts
Foxconn Industrial Internet, which sells AI servers, reported first-quarter revenue of about $37 billion, up 57% from a year earlier. The company also posted record net income of about $1.5 billion for the quarter.
Both results fell short of expectations. Revenue missed an estimated $44.5 billion, while net income was below a forecast of about $1.8 billion.
From the sources (1 posts)
@techmemeFoxconn Industrial Internet, which sells AI servers, reports Q1 revenue up 57% YoY to ~$37B, below $44.5B est., and a record ~$1.5B net income, below $1.8B est. (@racporter / Bloomberg) (Visit Techmeme dot com for the link and full context