Jabil Circuit, Inc., today reported preliminary, unaudited financial second quarter of fiscal year 2012 net revenue of $4.2 billion.
"We are continuing to see the benefits of investing in long-term solutions to drive growth in our Diversified Manufacturing Services business," said President and CEO Timothy L. Main. Revenue from Diversified Manufacturing Services increased 33% year-over-year, climbing to 44% of total revenue in the second fiscal quarter of 2012."
"Overall, we are pleased with being able to increase revenue 8% from our second fiscal quarter of fiscal 2011 and post a solid operating margin," said Main. Jabil indicated its High Velocity business represented 27% of total revenue and its Enterprise & Infrastructure business accounted for 29% of the quarter's revenue.
"Our continued focus and investment in Diversified Manufacturing Services is paying off for Jabil," said Main. "We believe Jabil's global expertise in offering customers innovative solutions to their globally complex business needs will continue to allow us to outpace the lackluster global economic conditions in the second half of our fiscal year." Jabil management also provided guidance for its third fiscal quarter of 2012.
Jabil is an electronic product solutions company providing comprehensive electronics design, manufacturing, and aftermarket product management services to global electronics and technology companies. Offering complete product supply chain management from facilities in 27 countries, Jabil provides comprehensive, individualized-focused solutions to customers in a broad range of industries. Jabil common stock is traded on the New York Stock Exchange under the symbol, "JBL." Further information is available at www.jabil.com.