TE Connectivity Q1 sales up 8% y/y to USD3.1 billion
Company raises full-year financial forecasts
TE Connectivity has reported 8% year-over-year (y/y) increase in net sales to USD3.1 billion in the first quarter ended 31 December 2016, the Switzerland-based company said in a press release last week. On constant exchange rates, the company’s sales grew by 7% y/y. Higher sales helped the company to record 22% y/y growth in operating income to USD486 million while net income increased 16% y/y to USD409 million.
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