Flex announced its FY18 Q1 results with revenues of $6.0 billion and net income of $125 million, resulting in a net margin of 2%. The revenues grew 2% on a yearly basis, while net income increased by 22%.
The company said that it’s Sketch-to-Scale strategy remains firmly on track as reflected in FY18 Q1 results which were within guidance ranges. While fiscal 2018 is an investment year for the company, it continues to evolve its portfolio and enter and create new markets that it expects will generate meaningful value and expand the company’s total available market.
For FY18 Q2, revenue is expected to be in the range of $5.9 to $6.3 billion
