| Flextronics Reports Record Q1 |
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| Thursday, 24 July 2008 16:01 | |||
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SAN JOSE – Flextronics today announced first-quarter record net sales of $8.4 billion, up 62% year-over-year. The results include the acquisition of Solectron, which Flextronics finalized during the third quarter last year. Record adjusted operating profit for the period increased 83% compared to the same quarter last year, to $280 million. Record adjusted net income was $227 million, up 69% year-over-year. Flextronics said it would repurchase up to 10% of its outstanding ordinary shares, joining rivals Benchmark and Jabil in stock repurchases. For the second quarter, revenue is expected to be in the range of $8.5 billion to $9 billion.
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| Last Updated on Thursday, 24 July 2008 16:02 |
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