Flextronics revenue rises on demand for game consoles, phones

April 30 – Contract electronics manufacturer Flextronics International Ltd reported a 27 percent rise in quarterly revenue, helped by higher demand from its game console and smartphone customers.

The Singapore-based company reported net income of $42.98 million, or 7 cents per share, for the fourth quarter ended March 31 compared with a net loss of $49.32 million, or 8 cents per share, a year earlier.

Excluding items, the company earned 24 cents per share.

Revenue rose to $6.72 billion from $5.3 billion, a year earlier.

The company makes Microsoft Corp’s Xbox gaming console, IBM servers and smartphones for Google Inc.

(Reporting By Aurindom Mukherjee and Supantha Mukherjee in Bangalore; Editing by Savio D’Souza)