TAIPEI – Foxconn reported a 3.5% year-over-year increase in revenue for November, reaching the company's second-highest total for the month at NT672.6 billion ($20.8 billion).

The company's Cloud and Networking Products segment saw strong growth for the month on the back of strong demand for AI servers, as well as its Components and Other Products segment, which grew after an increase in shipments of key components and growth in automotive-related business. Its Smart Consumer Electronics segment's revenue fell year-over-year due to conservative demand, the company said.

Fourth quarter operations are anticipated to show significant growth on both a quarterly and yearly basis, Foxconn said.

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