“The outlook for the second quarter remains unchanged from earlier guidance.”Revenue would drop quarter-on-quarter and year-on-year during the April-June period, as demand usually softens during production transitions, it said. Server demand from the enterprise side was weak, but cloud-service providers such as Google and Amazon.com continued to show resilient demand, Liu said. Hon Hai expects demand for its consumer electronics to decline sequentially this quarter, he added. Demand for its cloud, networking and computing products would be flat on a quarterly basis, whereas demand for components and other products would grow sequentially, he added. During the first five months, Hon Hai accumulated NT$2.34 trillion in revenue, falling 2.08 percent from NT$2.39 trillion during the same period last year.


Source:   Taipei Times
June 06, 2023 03:40 UTC