News
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.
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.
LAKE FOREST, CA – EMS firm Probe Manufacturing is adding design, manufacturing and marketing of proprietary renewable-energy products, including engine control units, converters and inverters.
The company’s OEM arm is the result of two years of investment in research and development efforts to design technologies and products aimed at customers seeking to reduce their energy use and environmental impact.
“We believe alternative energy and green technologies are going to be substantial growth markets in the 21st Century and we have been slowly moving the company in that direction,” Probe CEO Reza Zarif said. “Two major sectors in alternative energy are electricity generation and transportation; our research and development efforts have been focused on these two sectors.”
Probe remains committed to its contract electronics manufacturing business, Zarif said.
The company’s OEM arm is the result of two years of investment in research and development efforts to design technologies and products aimed at customers seeking to reduce their energy use and environmental impact.
“We believe alternative energy and green technologies are going to be substantial growth markets in the 21st Century and we have been slowly moving the company in that direction,” Probe CEO Reza Zarif said. “Two major sectors in alternative energy are electricity generation and transportation; our research and development efforts have been focused on these two sectors.”
Probe remains committed to its contract electronics manufacturing business, Zarif said.
HELSINKI – Elcoteq today reported a second-quarter net loss of 12.8 million euros ($20.48 million) on a 6.6% drop in revenues, to 904.8 million euros ($1.45 billion).
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