Despite facing considerable headwinds and a slowly recovering economy, Jabil’s CEO, Mark Mondello, is pleased with Jabil’s second quarter performance as he continues to expect solid long-term growth and significant market opportunities.
Revenue for the FY13 second quarter was $4.4 million, up 4.3 percent from revenue of $4.2 million in the FY12 second quarter. Additionally, Jabil achieved the mid-range of revenue guidance of $4.4 billion while posting $170 million of core operating income.
Jabil’s Enterprise and Infrastructure business grew 12 percent from a year ago and has continued to improve operating margins, with a 100 basis point increase on core operating margins year-on-year and 30 basis points sequentially. Continue Reading →