ST. PETERSBURG, FL – Jabil announced $8.4 billion in revenue for the first quarter of its fiscal year, marking a 13% decrease from the same quarter last year.

For the second quarter, the company forecasts revenue of $7 billion to $7.6 billion, and for its full fiscal year, it predicts $31 billion in revenue.

"As previously announced, we experienced a broad-based softening in demand during the final stretch of our first quarter, which you can see reflected in our first quarter revenue," said CEO Kenny Wilson. "Despite softer demand, the team delivered good year-over-year growth in core margins and core earnings per share.

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