ST. PETERSBURG, FL – Jabil Circuit reported fiscal first quarter 2017 net revenue of $5.1 billion, down 20% year-over-year.

For the period ended Nov. 30, net income was $86.7 million, a decrease of 34.3%% compared to the same period last year. Operating income was $165.6 million, down 22.8% year-over-year.

“I’m really pleased with our strong first quarter results,” said CEO Mark Mondello. “In particular, we saw strength in our healthcare, packaging and consumer lifestyles businesses within our DMS segment, combined with yet another solid quarter of execution from our EMS segment, allowing us to deliver excellent results.”

The electronics manufacturer expects net revenue for the fiscal second quarter between $4.2 billion and $4.5 billion, as well as operating income from $39 million to $101 million.

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