TE Connectivity net income drops 17% y/y to USD2 billion in FY 2015/16
Expects moderate growth in sales in FY2016/17
TE Connectivity’s net income dropped 17% year-over-year (y/y) to USD2 billion in the financial year (FY) ended 30 September 2016, while its net sales remained stable at USD12.2 billion, the US-based connectivity and sensor solutions provider said in a press release.
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