Flextronics: Top10 customers account for 49% of sales
The Top10 customers of EMS-provider Flextronics accounted for 49% of sales in the 3Q, a slight increase to the 48% from the year before. Here, Hewlett-Packard was the only customer that contributed over 10% to Flextronics’ sales.
"This depicts our success in expanding our relationships with targeted top-tier OEMs across the various markets we serve. Our top ten customers now account for 49% of sales, versus 48% a year ago", Flextronics’ CEO, Mike McNamara stated. Sales to its Top3 customers - HP, RIM and Cisco accounted for around 29% of the total sales.
Sony Ericsson and Nortel, the largest historical customers, were pressured last year and the EMS-provider was able to counteract a possible negative impact on its business. "Combined, these two amount to less than 4% of total sales", Mike McNamara continued.
Sony Ericsson and Nortel, the largest historical customers, were pressured last year and the EMS-provider was able to counteract a possible negative impact on its business. "Combined, these two amount to less than 4% of total sales", Mike McNamara continued.
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