Thursday, March 14, 2024

Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand (Kosaku Narioka/Wall Street Journal)

Kosaku Narioka / Wall Street Journal:
Foxconn reports Q4 revenue down 5.7% YoY to ~$59B, as cloud and networking demand falls, net profit up 33% YoY to $1.69B, and expects flat 2024 consumer demand  —  Revenue fell on lackluster demand for cloud and networking products and a slowing personal-computer market



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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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