Electronics Production | September 27, 2006
Jabil Increased Revenue 45%
Jabil Circuit, Inc. reported unaudited net revenue for the fourth quarter of fiscal 2006 ended August 31, 2006 increased 45 percent to $3.0 billion compared to $2.0 billion for the same period of fiscal 2005.
Net revenue for the fiscal year increased 36 percent to $10.3 billion compared to $7.5 billion for fiscal 2005. "Strong revenue growth continued in our fiscal fourth quarter," said Timothy Main (picture), Jabil's president and CEO. "The trend to outsourcing continues to be robust and Jabil's position in the marketplace continues to rise. We expect to open fiscal 2007 with another record quarter of revenue in the range of $3.1 to $3.3 billion and expect fiscal 2007 revenue growth of approximately 20 percent. While we regret being unable to provide complete financial details at this time, we do anticipate filing our 10K by the November 14th filing deadline," said Main. Click here for the full Report (jabil.com)