SAN JOSE -- Sanmina-SCI today fell to a fiscal second-quarter net loss of $1.4 million on a drop in multimedia demand, one year after reporting net income of $13.1 million.

For the period ended March 31, the electronics manufacturing services company reported revenue of $1.46 billion, down 2.7% sequentially and 7.1% year-over-year. The operating margin was 2.1%.

GAAP operating income was $30.2 million, down from $44.6 million last year. Cash flow from operations was $60 million, and as of March 31 the contract printed circuit board builder had cash and equivalents of $464.4 million. Inventory turns were 6.1 turns.

"As we expected, our second quarter continued to be challenged by relatively flat demand across most of our markets and a decline in the multimedia segment," said Jure Sola, chairman and chief executive. "[W]e remain encouraged that we should see improvements in the second half of the calendar year."

Sanmina-SCI guided for June quarter revenue of $1.475 billion to $1.525 billion.

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