thank ladies good Great. for Thank and us you, today. here gentlemen, and joining and afternoon, Jure, you
first focused the year. fiscal the to entire for acknowledge thank team Sanmina for execution quarter, results our I to new their delivering review for I Before start solid them want a and the
highlights. exceeded you can We're please all as either the which Slide first I'll to to with or commitments. Now where outlook turn of speak our results, our X, financial pleased quarter see, very met
gross growth margin our long-term Also, X.X% towards and margin good and our year, of our us operating revenue $X.XX puts and exceeded the of trajectory earnings right $X.XX our on diluted each towards non-GAAP and in exited end non-GAAP each on margins. Our new of our us we per goals our how the sets path of expanding came with of high the fiscal billion non-GAAP achieving the combined results, for outlook. share fiscal driving X.X% a These last outlook. year of financial
where I'll Slide the to P&L performance. turn please speak Now to X,
as to As to million year period points same basis $XXX.X and more year same the prepared mentioned, was I make primarily a ago. by up infrastructure above a speak profit This This of ago. XX cloud to slightly part Jure favorable was operational revenue, drive was just Non-GAAP we period investments gross was to in $XX.X driven by delivered million, markets, operating compared efficiencies. up targeted our $X.XX growth billion, to Non-GAAP of as the growth. will as future expenses we or mix the continue which communications remarks. X.X% revenue well compared which networks as detail driven were end of outlook in X.X% his
to you to net operating X% Non-GAAP management. year tax X.X% share income a communicated. to or with the expense change. earnings up million be the our same driven ago, target execution compared that range XX.X% margin our same revenue, compared or XX basis the in at approximately came we was strong $X.XX XX that ago continues non-GAAP $XXX.X diluted important for note the have rate effective by cost line was $X.X It's our X% million per period cash guidance, Non-GAAP to normalize XX.X% favorable year of other up million up mix to points expense, and by in previously outstanding based if of shares operating a Non-GAAP on flow results. profit and driven short-term to period focused
towards objective. expect solid As a we achieving we represent fiscal prior the our be call, year, mentioned XXXX to growth and on a for results that quarter our start first
Now about a in results. X.X% driven compared was period $X.XX ago, to up million in the unfavorable IMS cloud non-GAAP same at basis the a higher compared period growth mix in demand our the at X.X% points up XX segment same basis IMS where the billion, majority year please end about markets, by XX the year compared speak compared operational in markets. and came period mix. networks X.X% driven points Slide to most ago, but period margin by down primarily to of came end infrastructure end gross gross due was the up markets. ago, to favorable I'll and turn in year to EPS revenue X, to CPS a primarily $XXX by same revenue of driven year to the a Non-GAAP our ago, XX.X%, same margin efficiencies. communications
quarter, While doing focus those both margin we're such, performance this terms improve, expansion. pleased of going and businesses to and with as forward. is room IMS still the revenue on continue the of growth in to And CPS will we there
speak highlights. sheet turn Now balance please to where to Slide I'll the X,
a down leaving no the $X.X maintained sheet substantial customer in with the was results, the billion of $XXX revolver, which borrowings the P&L net our very a $XXX advances cash approximately strong the we we X% million had same of were and $X.X At liquidity billion. us balance quarter. first inventory period quarter, year of on outstanding with of with million. end versus Cash entered We quarter approximately As the equivalents ago.
of When you a inventory from inventory improvement an look perspective, ago. days at year our a notable reduction inventory either turns represents it from or
where these to we've be While results, work there at when more still look you done we're is been with historically. pleased
forward. for area us So focus inventory going will to continue of be an
quarter, an period from improvement a ROIC the was weighted from Our and our the same above capital XX.X% non-GAAP the ago. year average for of XX.X% pretax well cost
on of gross have execute us times sheets no great balance before, to margins. and with ] a position and [ financial to mentioned growth I've the we net expand puts As strongest ratio of industry many goals one in our drive X.Xx the and debt in low leverage which long-term
Slide to where the turn X, speak please Now flow highlights. to cash I'll
of Capital in a the expenditures As a flow quarter, were the $XX million. our largely working to team's first capital cash management, timing. $XX result million quarter operations from below solid outlook disciplined came due at our for
of goals. We X% in long-term to continue consistent technology on full strengthen historical capital between before, investments capabilities continue I've basis, strategic will as our year the X% and to financial Also, and mentioned needed in expenditures market make with be our the support practice. to a revenue to position expect we to
was Free cash $XX million. flow
During shares we approximately $XX for quarter, the million. repurchased XXX,XXX
December performance return of strong capital our our to disciplined the We're us and with flexibility in the As million XXXX, current share through our shareholders, XX, balanced flow gives capital allocation invest on $XX to business and had it remaining to pleased we as a continue cash approach. program. repurchase all
ROI-based a please taking our capital where options to important shareholder well-defined it approach. when turn it's and Slide When of set I'll value, a we and Each allocation while allocation Now XX, to speak look our a quarter, priorities. maximize for opportunities priorities allocation, all decisions. to evaluate making comes strategy disciplined to clear have capital capital incredibly to
margins. strategic expand and long-term As goals and in I've one, before, are: organic X priorities And such, capital investments our M&A drive and allocation key financial number two, number to as are investing in funding growth growth; partnerships. mentioned
important believe ratio, is It's our drive shareholder attractive an our also remain such, manage lastly, so is to share allocation our And and capital debt actions. the take capital help repurchases that allocation and we us repurchases. key appropriate that level undervalued closely as value another leverage can market, option share monitor option. We in stock the
prior our allocation continue is expiration $XXX To as additional we program. the the I capital no repurchase to amount shares Directors incremental of that intend which date context end, outlined. to has Board authorization earlier in to share that and of of our repurchases, strategy on announced today, just an the we million authorized This opportunistically remaining
based the turn customers forecast seasonality. for where outlook into quarter, consideration please typical which our is takes the we what from Now in our provide XX, seeing the are I'll our market, to and Slide second on
of follows: to $X.X second X.X% at billion, we same ago. to Our as period $X.XX the is a up which billion between billion, quarter compared year revenue puts the expect $X.X midpoint outlook us
expenses Non-GAAP dependent operating of to million. of million gross X.X% X.X%. of to Non-GAAP X.X% to margin mix. $XX Operating margin on $XX X.X%
approximately incentives. income net JV reflect our due prior $X.X prior with million a rate tax the of U.S. year final other million, net XX% the as million other losses, $X be to minimum approximate to to to partner's of line mix tax and federal in an $X.X is and utilization India from and expense a outlook, This earnings X interest. operating of a rate expect credits our impact estimate to reduction up We global Pillar is to tax expense income which, our XX%. equity tax noncash jurisdictional reminder, We of of the net the
$X.XX Non-GAAP up on the in X.X% tax to ago $X.XX us successful on based customers to if be rate demand signals summary, capabilities finally, period same the outstanding. from right $X.XX put At expect million depreciation 'XX would we year the customers the or FY In and of advantage the a $XX We up approximately quarter believe and of of range around and second our year. to ahead. that the change. fully of be growth set to continue for approximately be well to EPS Capital X.X% our normalize XX compared outlook, million of to $XX based positioned take are shares opportunities you million. midpoint and diluted expenditures have to the a
And call turn the Jure. let over that, me with to
