ST. PETERSBURG, FL – Jabil reported fiscal second quarter net revenue of $5.3 billion, an increase of 19.1% year-over-year.

Operating income was $129.5 million, flat with the same period last year.

The firm’s electronics manufacturing revenue grew 7% during the quarter, while diversified manufacturing services revenue was up 38%.

“I’m pleased with the results of our second quarter, which was characterized by strong revenue growth, core operating income expansion and healthy cash flow generation,” said CEO Mark Mondello. “Additionally, we invested in several key new programs, returned approximately $150 million to shareholders via our capital return program and successfully renewed 10-year senior notes at a more favorable rate.

“Looking ahead to the second half of fiscal 2018, we expect the broad-based growth across both of our segments to continue, as we approach $21 billion in revenue for the year. At the same time, we remain committed to delivering $1 billion in operating cash flows.”