ST. PETERSBURG, FL – Jabil reported $8.5 billion in revenue for the fourth quarter of its fiscal year, a decrease of 5.5% from last year's fourth quarter.

The company's Diversified Manufacturing Services (DMS) unit's year-on-year revenue remained consistent, while its Electronics Manufacturing Services (EMS) unit's year-on-year revenue declined by 13%.

For the full year, the company reported revenue of $34.7 billion, which marked a 3.6% increase from the previous year.

For the year, Jabil's DMS segment grew by 8%, while its EMS revenue remained consistent with last year's.

"The team delivered yet another solid year and I’m pleased with the progress we’ve made relative to our financial objectives," said CEO Kenny Wilson. "As we move into the new fiscal year, I feel strongly that we have the right team, capabilities, and diversified portfolio to support good momentum into FY24 and beyond. And none of this would be possible, without our thriving and unified Jabil culture, which is as strong today as it’s ever been."