Taipei, Aug. 5 (CNA) Hon Hai Precision Industry Co. posted record unaudited consolidated revenue of NT$946.512 billion (US$29.27 billion) in July, marking the first time the company's monthly revenue has exceeded NT$900 billion and representing a 54.19 percent increase from a year earlier, the company announced Wednesday. Compared with June, July revenue rose 15.18 percent, driven particularly by strong growth in cloud and networking products and computing products. Cloud and networking products, along with components and other products, posted particularly strong growth, the company said. Looking ahead, Hon Hai said it expects shipments of artificial intelligence (AI) server racks to continue growing in the third quarter. However, Hon Hai also noted that it would continue to monitor volatile global political and economic conditions and their potential impact on its business.