Ad
Ad
Ad
© Jabil Electronics Production | June 22, 2011

Jabil's Top10 bring 63% of revenue during 3Q

Florida-based EMS-provider Jabil earned around 63% of its quarterly revenue from its Top10 customers. All 3 business segments average around USD 1.4 billion in quarterly revenue each.
Jabil's Diversified Manufacturing Services segment grew 9.4% sequentially. On a yearly basis, this segment grew 44%. Revenue was approximately USD 1.5 billion, representing 36% total company revenue in the third quarter. Core operating income expanded sequentially by 10 basis points to 6.2% in the quarter.

The Enterprise & Infrastructure segment grew 11.8% sequentially. On a yearly basis, this segment grew by 15.5%. Revenue was approximately USD 1.4 billion and represented 33% of total company revenues in the third quarter. Core operating income was 3.9% of revenue.

© Jabil

"This segment includes the results of operations of the sites we acquired in France and Italy, which had a negative impact of 50 basis points on core operating income for this segment. Without these operating returns, the segment remains at the high end of our overall operating margin targets", states Forbes Alexander, Jabil's CFO and Principal Accounting Officer during the earnings call.

The High Velocity segment increased 1.7% sequentially. On a yearly basis, this segment grew by 10%. Revenue was approximately USD 1.3 billion, representing 31% of total company revenue in the third quarter. The core operating income was 2.2% of revenue, an expansion of 20 basis points.

Comments

Please note the following: Critical comments are allowed and even encouraged. Discussions are welcome. Verbal abuse, insults and racist / homophobic remarks are not. Such comments will be removed.
Further details can be found here.
Ad
Ad
Load more news
September 15 2017 9:25 AM V8.7.1-2