SAN JOSE, CA – Flex reported fiscal first quarter 2017 net sales ended July 1 of approximately $5.9 billion, up 5.6% year-over-year, at the high end of guidance.

GAAP net income was $106 million, down 4.5% compared to the same period last year.

Adjusted operating income for the period was $190 million, up 19.5% year-over-year.

"We continue to successfully execute our Sketch-to-Scale strategy," said Mike McNamara, CEO of Flex. "Our first quarter results reflect our continued portfolio evolution, with a 20% growth in adjusted operating profit, an increase of 17% in adjusted earnings, strong cash flow from operations and over seven million shares repurchased."

For the second quarter ending Sept. 30, revenue is expected to be in the range of $5.8 billion to $6.2 billion.