Taipei, Aug. 12 -- Foxconn reported its highest-ever net profit for the second quarter, rising 35 per cent year-on-year to NT$59.97 billion (USD 1.86 billion), as cloud and networking products accounted for more than half of its revenue amid strong demand linked to AI infrastructure investments, according to a news report by Focus Taiwan.

The report noted that the company's net profit for the April-June quarter rose 20 per cent from the previous quarter, while earnings per share increased to NT$4.27 (USD 0.133) from NT$3.19 (USD 0.099) a year earlier and NT$3.56 (USD 0.111) in the first quarter.

Foxconn's consolidated sales rose 41 per cent year-on-year to NT$2.53 trillion (USD 78.56 billion) in the second quarter, up 19 per cent from t...