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Foxconn (2317 TT) January revenue TWD 730bln, +35.5% Y/Y (prev. +31.8% Y/Y); expects seasonal performance for the current quarter to be better than the past five-year range

Foxconn's January revenue of TWD 730 billion, reflecting a 35.5% year-over-year increase, exceeds previous growth rates and indicates strong sales in cloud networking products.

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Foxconn (2317 TT) January revenue TWD 730bln, +35.5% Y/Y (prev. +31.8% Y/Y); expects seasonal performance for the current quarter to be better than the past five-year range

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  • Cloud networking products sales grew strongly Y/Y in January.
Context

This robust performance, coupled with expectations for better-than-average seasonal results, suggests positive momentum for the company, which may positively influence investor sentiment and sector performance.

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