ST. PETERSBURG, FL – Jabil reported fiscal first quarter 2018 net revenue of $5.6 billion, up 9.4% year-over-year.

Net income for the period ended Nov. 30 was $63.9 million, a decrease of 26.3% compared to the fiscal first quarter of 2017. Operating income was $145.8 million, down 12% year-over-year.

Electronics Manufacturing Services revenue rose 6% during the quarter, while Diversified Manufacturing Services revenue grew 13%.

“I’m extremely pleased with our first quarter results and a strong start to the year,” said CEO Mark Mondello. “As expected, we saw solid revenue growth across both our DMS and EMS segments, resulting in 15% growth, year-on-year, of core earnings per share.”

For the fiscal second quarter, Jabil expects net revenue of $4.75 billion to $5.05 billion and GAAP operating income of $124 million to $169 million.

“Our second quarter guidance, which suggests 10% revenue growth and nearly 25% core EPS growth year-on-year, is an absolute reflection of the momentum we have in our business today.”