Mumbai / Bangalore – August 22, 2013
Foxconn, a leading manufacturer of computer components and systems, has reported consolidated revenues of NT$895.6 billion (US$29.91 billion) for the second quarter, up 10.7% sequentially with gross margin rising 0.12pp to 5.8%, net profits reaching NT$16.98 billion and EPS at NT$1.30.
Although Foxconn only had consolidated revenues of NT$1.7 trillion, down 9.9% on year; the company enjoyed a consolidated gross margin of 5.74% with net profits also growing over 20% on year to NT$33.33 billion and EPS growing from NT$2.34 during the same period a year ago to NT$2.56.
According to a report, Foxconn’s revenue is estimated to climb sharply each quarter in the second half of the year, with Apple’s new iPhone, iPad and iPad mini set for release in September. This helps in raising Foxconn’s gross margin and profit.
| Foxconn: Consolidated revenues, Feb 2013 – Jul 2013 (NT$m) | |||||
| Month |
Sales |
M/M |
Y/Y |
YTD |
Y/Y |
| Jul-13 |
300,253 |
(1.4%) |
(1.7%) |
2,006,089 |
(8.8%) |
| Jun-13 |
304,637 |
1.4% |
5% |
1,705,837 |
(9.9%) |
| May-13 |
300,472 |
3% |
2.1% |
1,401,200 |
(12.6%) |
| Apr-13 |
291,759 |
12.1% |
(5.1%) |
1,100,728 |
(15.9%) |
| Mar-13 |
260,383 |
10.8% |
(27.3%) |
808,969 |
(19.2%) |
| Feb-13 |
235,060 |
(25%) |
(22.1%) |
548,587 |
(14.7%) |
About Foxconn
Foxconn was established in 1974 and has grown to become the largest ODM in the world with nearly 1,000,000 employees and revenues in excess of USD 100 billion. Foxconn’s customer base includes many famous brands in computing, communications and consumer electronics, for example; Apple, Cisco, Dell, HP, Nokia and Sony. With expertise in design and manufacturing, Foxconn’s Channel Division is able to bring barebones and component products to channel customers around the globe, giving them the freedom to create their own solutions. To learn more, visit: www.foxconnchannel.com.