FLEX LTD. Annual Report, Year Ended Mar 31, 2014

Flextronics International Ltd. (FLEX) reported solid performance for the fiscal year ended March 31, 2014, with net sales reaching $26.1 billion, a 10.8% increase year-over-year. This growth was primarily driven by the acquisition of certain manufacturing operations from Google's Motorola Mobility LLC and expansion in the High Reliability Solutions (HRS) and High Velocity Solutions (HVS) business groups. The company demonstrated improved profitability, with income from continuing operations increasing to $365.6 million, up from $302.5 million in the prior year, bolstered by lower restructuring charges. Flextronics continues to focus on its strategy of providing end-to-end supply chain solutions, emphasizing innovation, customer focus, and global operational capabilities. The company's diversified business across various end markets and geographies positions it to navigate economic fluctuations. Despite a competitive landscape, Flextronics leveraged its scale, end-to-end service offerings, and extensive design and engineering capabilities to maintain strong customer relationships. The company also actively managed its capital structure, including share repurchases, and maintained a healthy liquidity position with $1.6 billion in cash and cash equivalents at year-end.