| OSI's Contract Assembly Bucking EMS Sales Trends |
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| Written by Mike Buetow | |||
| Friday, 25 January 2013 10:25 | |||
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HAWTHORNE, CA -- OSI Systems' Optoelectronics and Manufacturing division saw revenues and operating income increase 12% and 23%, respectively, over last year, the company said today. The unit had sales of $57.3 million for the second fiscal quarter ended Dec. 31. Operating income rose to $5.5 million. Overall, the company reported revenues of $194 million for the quarter, up 3% from a year ago. Net income was $12.4 million, basically flat with fiscal 2012.
Backlogs rose $600 million from last year, and cash flow from operations was $20 million.
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