TORONTO – Electronics manufacturing services firm SMTC Corp. reported first-quarter revenue was $72.5 million, up 29% year-over-year, and a slight increase over the previous quarter.

Net income was $2.44 million, up 227% year-over-year.

Adjusted EBITDA was $4.3 million, up 87% compared to the first quarter of 2011, and a slight increase sequentially.

“Revenue for the quarter was at its highest level since the fourth quarter of 2006. For the balance of 2012, we anticipate continued strong top and bottom line performance in line with our previously announced guidance,” said co-CEO Claude Germain.