Taiwan's Foxconn forecasts strong first-quarter performance
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The logo of Foxconn, the trading name of Hon Hai Precision Industry, is seen on top of the company's headquarters in New Taipei City, Taiwan March 29, 2016. REUTERS/Tyrone Siu
TAIPEI, Feb 5 (Reuters) - Taiwan's Foxconn on Thursday flagged strong expectations for its first quarter performance, after reporting a 35.5% year-on-year rise in January revenue.
"Shipments of AI racks continue to increase, and Smart Consumer Electronics are also better than expected," it said in a statement.
"The seasonal performance for the current quarter is expected to be better than the range of the past five years," the company, Nvidia's biggest server maker, added, without elaborating.
(Reporting by Ben Blanchard; Editing by Jacqueline Wong)
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