Consumer electronics drives Flextronics revenue

Tag : Electronics Circuits

According to Reuters the consumer electronics devices are the drive key for Flextronics record result in the first quarter. Record net sales for the first quarter increased 62% to $8,4 billion, which represent an increase of 3,2 billion over the year ago quarter. Record adjusted operating profit increased 83% over the year ago quarter to 280 million, while margin improved 40 basis points to 3,4%. Net income for the first quarter increased 69% over the year ago quarter to $227 million, while adjusted ESP increased 23% to a first quarter record of $0,27.

"I am very pleased with our execution this past quarter, especially in light of the challenging economic environment. I belive that the size and breadth of our service offerings as well as the geographic and product diversification of our company continues to provide as a unique competitive advantage, particularly in this current environment."