PATHUMTANI, THAILAND – Fabrinet reported total fourth quarter revenue of $206.5 million, up 29% year-over-year, its highest quarterly revenue to date.
GAAP net income for the quarter was $13 million, up 26.2% compared to the same period in fiscal 2014.
For fiscal year 2015 ended June 26, Fabrinet reported total revenue of $773.6 million, an increase of 14% year-over-year.
GAAP net income for the year was $43.6 million, down 52.5% compared to fiscal year 2014.
"We ended fiscal 2015 on a strong note, with record revenue and growth across all our market segments. As we start fiscal 2016, I am confident our initiatives to expand our new product introduction and advanced packaging capabilities, combined with our focus on total customer satisfaction and world-class quality, will enable us to deliver another year of profitable growth in fiscal 2016," said CEO Tom Mitchell.
The company expects first quarter fiscal 2016 revenue in the range of $206 million to $210 million.
Fabrinet provides optical packaging and optical, electro-mechanical and electronics manufacturing services.