Xbox 360 maker reports record sales

Xbox 360 maker Flextronics is the world's largest contract electronics manufacturer

Flextronics, the manufacturer of well-known consumer electronics products like Microsoft's Xbox 360, reported a six per cent increase in revenues to $4.059bn in its most recent fiscal quarter. 

The company is optimistic about the rest of the fiscal year, aiming for revenues of $19bn compared to $15.3bn in its previous fiscal year.

Flextronics is generally seen as the world's largest contract electronics manufacturer, or electronics manufacturing services (EMS) provider.

The company focuses on manufacturing, leaving its better known partners to handle marketing, sales and end-user relations.

Among the famous products manufactured by Flextronics at its factories in 30 countries around the world are Sony-Ericsson mobile phones, HP inkjet printers and storage products, and Microsoft's Xbox 360 and PC peripherals. 

As well as manufacturing, Flextronics often has some input into the design of products.

"There has been a re-acceleration of significant growth in our core EMS business, which includes design, vertically integrated manufacturing services, components and logistics," said chief executive Mike McNamara.

Flextronics' latest results are for the three months to 30 June, the first quarter of the company's 2007 fiscal year.

Net income was $85m, up four per cent from $59m in the same quarter one year earlier. Flextronics is headquartered in Singapore and listed on the US Nasdaq exchange.