Global electronics manufacturing services company Sanmina-SCI Corporation today reported financial results for the fourth quarter and fiscal year ended 1 October 2011.
The San Jose, California headquartered company reported revenue for the fourth quarter of $1.70 billion, compared to $1.67 billion in the prior quarter and $1.69 billion for the same period of fiscal 2010.
Revenue for the year ended 1 October 2011 was $6.60 billion, up 4.5 percent compared to $6.32 billion for the fiscal year ended 2 October 2010.
"Despite headwinds in the market, we had a solid fourth quarter,” said Jure Sola, chairman and chief executive officer. “I am pleased with our accomplishments in fiscal 2011 as we continued to improve the quality of our customer base and execute on our strategy which was evident in our results.
"Our first quarter fiscal 2012 guidance represents uncertainty in the market, push-outs from customers and potential supply constraints related to the Thailand floods. Fiscal 2012 is difficult to forecast at this time, but I am cautiously optimistic we will deliver improvements. We have the right strategy in place with a strong customer base and we are well positioned to compete in any economic environment."
Sanmina-SCI is a global electronics contract manufacturer serving the fastest-growing segments of the electronics manufacturing services (EMS) market, supporting OEMs in the communications, defense and aerospace, industrial and medical instrumentation, multimedia, enterprise computing and storage, clean-tech and automotive technology sectors.
