Flextronics FY 4Q15 Earnings Call Notes

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hardly pay taxes

“Our adjusted income tax rate for the quarter was 11.8% and our adjusted income tax rate was 10.1% for the year which ended up at the high end of our guided range of 8% to 10%.”

Still characterize economy as stable

“We would still characterize the economy as stable, except for INS where we have seen incremental softness in wireless, driven by reduced CapEx spending in the U.S., delayed CapEx spending in China and general softness in Europe. Overall, our revenue was slow in the March quarter and this will continue into the June quarter.”

Mexico continues to be a very strong place for manufacturers

“Geographically, Mexico continues to be a very, very strong place to manufacturers. Demand in the U.S. has been relatively stable. Mexico as a manufacturing location continues to be more attractive.”

India is picking up quite a bit

“one thing I would add is India. India as a manufacturing location and as a demand environment is probably picking up as much as anything, so that’s probably where we see the biggest place of growth. And maybe I’ll add one other thing, Sherri which is Brazil, because I didn’t mention Brazil. A lot slower than it was last year. So I’d say a little bit slower.”