TAIPEI (Reuters) - Apple (NASDAQ:AAPL) supplier Foxconn reported on Tuesday a 72% rise in first-quarter profit, boosted by strong demand for computer servers and coming off a low base from the period a year earlier.
The Taiwanese company, the world's largest contract electronics maker, said net profit for the January-March quarter rose to T$22.01 billion ($679 million) from T$12.8 billion in the same period the previous year.
The profit missed analysts' estimate of T$29.31 billion.
($1 = 32.4180 Taiwan dollars)