SAN JOSE – Sanmina reported fiscal fourth-quarter revenue of $1.69 billion, up 12% year-over-year. GAAP net income for the period ended Sept. 27 was $132.5 million, up 241.5% compared to the prior-year period.

GAAP operating income was $61.5 million, or 3.6% of revenue, compared to $44.7 million, or 3% of revenue, for the same quarter in 2013.

Revenue for the fiscal year 2014 ended Sept. 27 was $6.22 billion, up 5% compared to the same quarter last year. GAAP net income for the fiscal year was $197.2 million, up 148.4% year-over-year.  Operating income for full year was $199.7 million, up 26.7% compared to fiscal 2013.

"Solid execution coupled with stable demand from a majority of our market segments were the key drivers for overall improvement in our financial results.
Revenue for the fourth quarter was up 5% sequentially and 12% over the fourth quarter last year," stated Jure Sola, chairman and CEO of Sanmina.

"With our revenue base exiting 2014, we are optimistic that 2015 will be another growth year for Sanmina.”

The firm expects fiscal first-quarter revenue between $1.65 billion and $1.7 billion.