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Foxconn's April revenue +19% y/y

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Company reiterates guidance for Q2 revenue growth

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Foxconn reports Q1 earnings on May 14

TAIPEI, May 5 (Reuters) - Taiwan's Foxconn, the world's

largest contract electronics maker and the biggest assembler of

Apple's ( AAPL ) iPhone, reiterated on Sunday it expected a rise in

second-quarter revenue, and reported record sales for the month

of April.

Foxconn said in a statement that this year's

second quarter "remains a traditional off-peak season, and major

products are entering a period of transition between old and new

products".

But it added: "The operations outlook for the second quarter

is expected to show both quarter-on-quarter and year-on-year

growth".

The statement did not elaborate and the company does not

give numerical guidance.

The company, formally called Hon Hai Precision Industry Co

Ltd ( HNHPF ), said April revenue reached T$510.9 billion ($15.83

billion), which it said was the highest figure on record for the

same period and represented an on-year rise of 19%.

Revenue in its smart consumer electronics products,

including smartphones, in April showed "significant growth"

year-on-year, it said.

Strong artificial intelligence (AI) server demand also

delivered "strong growth" in April on-year for its cloud and

networking products segment, the company added.

The monthly sales data comes ahead of Foxconn's

first-quarter earnings call on May 14.

Foxconn has previously reported that for the first quarter,

revenue slid 9.6% year-on-year to T$1.322 trillion,

underperforming a T$1.401 trillion LSEG SmartEstimate, which

gives greater weight to forecasts from analysts who are more

consistently accurate.

The first quarter is traditionally quieter than the previous

one, the season when Taiwan's tech companies race to supply

smartphones, tablets and other electronics to major vendors such

as Apple ( AAPL ) for Western markets' year-end holiday period.

Apple's ( AAPL ) quarterly results and forecast beat modest

expectations on Thursday, and CEO Tim Cook said revenue growth

would return in the current quarter.

In March, Foxconn adopted a far more bullish outlook for

this year, saying on its fourth-quarter earnings call that it

expected a significant rise in revenue driven by booming demand

for AI servers.

Foxconn's shares have surged almost 50% so far this year,

compared with a 13% gain for the broader market.

They closed up 1.3% on Friday.

($1 = 32.2800 Taiwan dollars)