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© Sanmina Electronics Production | November 02, 2011

Sanmina SCI releases Q4 results - 4Q profit declines

Q4 revenue was up slightly compared to the same period in 2010, however Q4 net income decreased by $13.3 million from last the same period last fiscal year.
GAAP operating income in the fourth quarter was $53.5 million or 3.2 percent of revenue, compared to $52.9 million or 3.2 percent of revenue in the third quarter fiscal 2011 and $58.2 million or 3.4 percent of revenue for the same period a year ago. GAAP operating income for fiscal year 2011 was $212.0 million, compared to $204.8 million in fiscal year 2010. GAAP net income in the fourth quarter was $18.1 million, compared to $9.4 million in the prior quarter and $31.4 million for the same period a year ago. © Sanmina
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