SAN JOSE -- Flex today announced net sales of $7.5 billion for its fourth quarter and fiscal year ended March 31, up 9.1% from a year ago.

GAAP operating income was $266 million, while net income was $142 million, versus $228 million and $168 million, respectively, a year ago.

For its fiscal 2023, net sales were $30.3 billion, up 16.5%, and GAAP operating income was $1.18 billion and net income was $793 million.

"We delivered a very strong year, growing revenue 17% year-over-year, as we continue to navigate the current environment as well as make progress towards our longer term strategic goals," said Revathi Advaithi, CEO, Flex. "As we've consistently demonstrated over the last few years, our team's focused execution has set us up well to create shareholder value as we look to fiscal 2024 and beyond."

Flex guided for fiscal first quarter revenue of $7 billion to $7.5 billion, and fiscal 2024 revenue of $30.5 billion to $31.5 billion.

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