Flextronics International Ltd. (FLEX)’s CFO Provides Robust 2Q Guidance After Strong 1Q Performance

Global supply chain solutions major Flextronics International Ltd. (NASDAQ:FLEX) reported its first quarter of 2015 earnings yesterday after market close.  Post the earnings release, company Chief Financial Officer and Senior Vice President – Finance, Christopher E. Collier in an interview on CNBC shared his insights on the strong first quarter performance of the technology solutions firm.

Flextronics International Ltd. (NASDAQ:FLEX)

“We are very pleased with our June quarter results that we have just posted. We had strong growth at the top, the middle and the bottom line”. He went on to highlight that “Year over year, our June were revenue was up 15 percent in all four of our business groups and exceeded expectations,” Mr. Collier said.

Profits for the quarter, was up to $174 million for the quarter as against the $59 million in the first quarter of 2014.  Similarly, adjusted EPS for the first quarter was 25 cents as against the 18 cents reported a year earlier for the same quarter. Overall revenue for the quarter came in at $6.64 billion as against the $5.79 billion it had clocked in first quarter of 2014.

Indicating the buoyancy in its business, Flextronics International Ltd. (NASDAQ:FLEX) went on to give a strong guidance for second quarter operations.  It anticipates adjusted EPS to come in the range of 22 to 26 cents and hopes to ring in revenue in the range of $6.2 to $6.6 billion.

Sharing the secret behind Flextronics International Ltd. (NASDAQ:FLEX) ability to overcome a difficult operating environment to grow its business, Mr. Collier indicated that: “We are continuously finding opportunities to enter new domains, new spaces, new segments of business.”

Flextronics International Ltd. (NASDAQ:FLEX)’s CFO also went on to list out other standout performances in the first quarter by calling out, “our operating profit  grew 34 percent year on year” and indicated that it was for the sixth straight quarter where they expanded their  operating profits.

Disclosure: none

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The 10 Largest Pharmaceutical Companies In the World

The 10 Most Expensive Android Apps

The 9 Most Expensive Designer Bags in the World

The 7 Most Expensive Real Estate in the World

The 10 Most Expensive eBay Items Ever Sold

The 10 Most Expensive iPhone Apps

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!