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Cites net sales of nearly $5.6 billion, while adjusted gross margin continues to expand at 6.4%.
July 23, 2015
By: DAVID SAVASTANO
Editor, Ink World Magazine
Flextronics announced results for its first quarter ended June 26, 2015. Net sales for the first quarter were just below $5.6 billion, slightly below its previously provided revenue guidance of $5.6 billion to $6.2 billion. Adjusted operating income was $159 million, above the lower end of the guidance range of $150 to $190 million. Despite the lighter revenues, adjusted gross margin increased 60 basis points and adjusted operating margin increased 10 basis points compared to the same period...
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