Through the first three quarters of fiscal 2024, revenue declines were mainly due to further demand weakness within somewhat resilient end markets like automotive, while data center and cloud experienced growth. We view the timing of a recovery in Jabil?s end markets and return to growth is unclear, and we expect revenue pressures to persist over the next several quarters given significant declines occurring in early fiscal 2024. We forecast revenues will decline 18% in fiscal 2024 (13% excluding Mobility) and 2.7% in fiscal 2025 (about 3% growth excluding Mobility) before recovering. While Jabil faces growth headwinds over the next 12-24 months, we believe it maintains a good position as a global outsource manufacturing services provider. We believe the company?s
