TE Connectivity’s Q1 2016 net income down 25% y/y to USD353 million; opens manufacturing plant in Africa
Company’s Q1 revenues down 7% y/y to USD2.8 billion
TE Connectivity has announced a 7.1% year-on-year (y/y) decline in revenues to USD2.83 billion for the first quarter (Q1) ended 25 December 2015, consequently affecting the operating income, which was down 6.4% y/y to USD398 million.
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