Tuesday, November 14, 2023

Foxconn reports Q3 revenue down 12% YoY to ~$47.7B, net income up 11% YoY to ~$1.3B, and lowers the outlook for its components business to flat YoY (Bloomberg)

Bloomberg:
Foxconn reports Q3 revenue down 12% YoY to ~$47.7B, net income up 11% YoY to ~$1.3B, and lowers the outlook for its components business to flat YoY  —  - It also revised down forecast for components business segment  — Company beat average profit estimate in the September quarter



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How internet censorship tech maker Sandvine, a vendor to repressive regimes like Egypt, nearly collapsed before US restrictions forced new ownership and a pivot (Ryan Gallagher/Bloomberg)

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