Foxconn records 19pc Y-on-Y increase in Dec 2013 revenues

BANGALORE, INDIA: Foxconn, world's leading manufacturer of computer components and systems,has announced the increase in its revenues for December. Its consolidated revenues which stood at $490.932 billion (US$16.4 billion) for December, hit a monthly record for the

second time with growth of 7.62 pc month on month and 18.87 pc year on year.

Foxconn posted consolidated revenues of NT$1.33 trillion for the fourth quarter, historically its highest quarterly level, and increasing 44.77pc on quarter, and NT$3.954 trillion for 2013, inching up 1.25pc on year.

Foxconn is expected to see increased revenue growth due to increasing demand for cloud computing data centers in 2014 as it is globally the largest server OEM and one of the

world's three-largest storage equipment makers.