Electronics Production | April 11, 2008
Foxconn revenues grow slower in Q1/08
Foxconn's revenue growth stayed behind expectations in Q1/08.
Foxconn's revenue increased by 22.3% (from previous year) to US$10.2 billion in Q1/08. This comes from a statement filed with the Taiwan Stock Exchange. Earlier expectations stated a growth of 30% (on year). Despite the slower-than-expected growth in March and the first quarter, the company's goal of pursuing a 30% growth in revenues in 2008 remains unchanged, said spokesperson Edmund Ding to digitimes.