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© bellemedia-dreamstime.com Electronics Production | December 20, 2013

Jabil: forecasts a 25% drop in 2Q

While the end of the calendar year is fast approching, Jabil Circuit has already finished its first quarter of fiscal year 2014.
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.

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