TAIPEI (Reuters) – Apple supplier Foxconn reported on Thursday a 14% rise in third-quarter net profit, driven by strong AI server demand.
The Taiwanese company, the world’s largest contract electronics maker, reported net profit for the July-September quarter rose to T$49.3 billion ($1.5 billion) from T$43.1 billion in the same period the previous year, according to Reuters calculations.
The profit beat analysts’ average estimate of T$46.3 billion.
($1 = 32.5590 Taiwan dollars)
(Reporting by Yimou Lee and Faith Hung; Writing by Ben Blanchard; Editing by Kim Coghill)
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