Jabil: forecasts a 25% drop in 2Q

For the first quarter of fiscal year 2014, the company recorded revenues of $4.6 billion. Jabil's three reporting segments delivered the following revenue results:

• Diversified Manufacturing: $2.3 billion.
• Enterprise & Infrastructure: $1.3 billion.
• High Velocity: $1.0 billion.

Diversified Manufacturing stood for 50% of the revenues, and increased annually by 5%, core operating income in this segment was 4.9%. The High Velocity segment stood for 21% of the revenues, and decreased annually by 5%, core operating income in this segment was 2.6%. © Jabil Jabil expects revenue to fall 25% in its Diversified Manufacturing services and High Velocity businesses segments during the second quarter of 2014.