Flex Result 19/10/2015

Flextronics reported net profit increase nearly 11% to $123 million versus $111 million QoQ. On a YoY basis, net profit fell short by 12% from $139 million. Turnover for Q2 increased 15% to $6.3 billion compared to $5.6 billion QoQ, whereas on a YoY basis, the turnover remained flat from $6.5 billion in 2014. Flex suggested that partnerships with companies such as Nike helped its net profit by providing a boost to the turnover, operating margins and finally net profit.