TAIPEI – Foxconn announced revenue of NT2.13 trillion ($64.7 billion) for the fourth quarter, up 15.2% year-over-year and a new record for the quarter.

Total revenue in December alone reached NT654.8 billion ($20 billion), up 42.3% year on year and the second-highest ever level for the month.

The company said the revenue growth was driven by strong demand for its cloud and networking products division. Revenue from Components and Other Products segment saw strong growth due to an increase in shipments of key components and growth in automotive-related business. Its Computing Products segment also showed growth, but the performance of the Smart Consumer Electronics unit was roughly flattish year-over-year, the company said.

Foxconn said overall operations have entered the traditional off-season in the first quarter and revenue is expected to reach roughly similar levels that are average to the past five years.