Sanmina increased revenue for 3Q
Third Quarter Fiscal 2016 Summary
Revenue of USD 1.67 billionGAAP operating margin of 3.3 percent
GAAP diluted earnings per share of $0.38GAAP operating income in the third quarter was USD 54.6 million or 3.3 percent of revenue, compared to USD 47.3 million or 3.1 percent of revenue in the third quarter fiscal 2015.
GAAP net income in the third quarter was USD 29.5 million, compared to USD 24.5 million for the same period a year ago. GAAP diluted earnings per share for the quarter were USD 0.38, compared to USD 0.29 in the third quarter of fiscal 2015. “Results for the quarter were in line with our outlook. Revenue was up 3.6 percent sequentially and 8.5 percent year over year driven by the ramp of new programs,” stated Jure Sola, Chairman and Chief Executive Officer of Sanmina Corporation. “Executing our business plan, expanding our existing customer relationships and growing with new customers positions Sanmina for a better future. We will continue to invest in technologies and capabilities that strengthen our value proposition and enhance shareholder value,” concluded Sola.
Source: Sanmina increased revenue for 3Q