Flextronics sees double-digit revenue growth in 2010
SHENZHEN, China Aug 26 (Reuters) - Contract manufacturer Flextronics International Ltd (FLEX.O) expects to post double-digit revenue growth for the rest of the year, helped by a doubling in PC sales, its chief executive said on Thursday.
Revenue from its recently revamped PC manufacturing unit is expected to double to $2 billion this year, and will reach $4 billion by the end of 2011, Flextronics Chief Executive Mike McNamara told Reuters in an interview in the southern Chinese city of Shenzhen.
"We think those numbers are going to come through and the PC industry is not growing 100 percent a year, so that's three years of 100 percent growth," McNamara said.
Flextronics, which counts global tech brands such as Hewlett-Packard (HPQ.N) as its clients, said in June that revenue in its fiscal second quarter was likely to clock in at $6.8 billion to $7.2 billion.
The Singapore-based contract manufacturer had beat earnings expectations in the first quarter and was bullish on solid demand in technology sectors such as semiconductors.
(Reporting by James Pomfret; Editing by Chris Lewis)
((james.pomfret@thomsonreuters.com; +852 2843 6390; Reuters Messaging: james.pomfret.reuters.com@reuters.net))
((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)) Keywords: FLEXTRONICS
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