Jabil’s Q3 Revenue Up 2.4% PDF Print E-mail
Written by Chelsey Drysdale   
Tuesday, 19 June 2012 15:39

ST. PETERSBURG, FLJabil Circuit today reported unaudited third-quarter net revenue of $4.3 billion for fiscal year 2012, up 2.4% year-over-year.

GAAP net income for the period was $101.3 million, down 3.2% compared to the same quarter in 2011.

Revenue from Diversified Manufacturing Services was up 22% year-over-year to $1.9 billion, accounting for 44% of total revenue.

The firm’s High Velocity business represented 25% of total revenue, and its Enterprise & Infrastructure business accounted for 31% of revenue.

“We are delighted with the outstanding performance of our Diversified Manufacturing Services sector overall, and we are actively expanding our capacity in order to meet the growing demands of numerous customers and products,” said Jabil CEO Timothy Main. “The ramp-up of new products, combined with specific customer challenges and muted end-markets, gives us plenty to focus on in the fourth fiscal quarter.”

Jabil expects fourth-quarter net revenue from $4.1 billion to $4.35 billion.

 

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