Foxconn first-quarter revenue jumps 30% y/y

TAIPEI, April 5 (Reuters) - Taiwan's Foxconn 2317.TW, the world's largest contract electronics maker and Nvidia's NVDA.O biggest server maker, reported on Sunday a jump of 29.7% in first-quarter revenue year on year, fuelled by strong AI-related demand.

Revenue for the quarter from January to March was T$2.13 trillion ($66.60 billion), Foxconn said in a statement, versus an LSEG SmartEstimate of T$2.148 trillion that gives greater weight to forecasts from analysts who are more consistently accurate.

($1 = 31.9800 Taiwan dollars)