Jabil Inc. announced its third quarter and nine months financial result ended on May 31, 2018 of fiscal year 2018. Net revenues for Q3 2018 were $5.43 billion, an increase of 21%, compared to $4.49 billion in Q3 2017. Net income for Q3 2018 was $4.25 million, a recovery in net income, compared to a net loss of $2.52 million in Q3 2017.
Net revenues for nine month ended on May 31, 2018 were $16.3 billion, an increase of 16.4%, compared to $14.0 billion in same period of fiscal 2017. Net income for the last nine months was $14.3 million, up by 72.2%, compared to net income of $8.3 million in same period of fiscal 2017.
Jabil Inc. saw growth across its business segments. Revenues of Diversified Manufacturing Services (DMS) and Electronics Manufacturing Services (EMS) grew by 36% and 12% YoY respectively.
Looking forward to the guidance for fourth quarter of fiscal 2018, net revenues are expected to be in the range of $5.2 billion to $5.6 billion.
