TE Connectivity Releases Second Quarter Financial Results for Fiscal Year 2023

TE Connectivity announced its second quarter financial report for fiscal year 2023 ending March 31, 2023. The report showed that net sales in the quarter reached US$4.16 billion, a year-on-year increase of 4% and an organic increase of 8%. Among them, the sales of transportation solutions increased by 12% and industrial solutions increased by 15%, but the sales of communication electronic solutions decreased by 20%. In addition, the company was selected into the list of "World's Most Admired Companies" by Fortune magazine.