Flex Ltd Q1 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : I guess if I can start with one really on the revenue side here in certain end markets that you are seeing a bit more headwind like consumer. I know you said they're tracking largely in line with what you expect even on the enterprise side. But if I look at sort of relative to where consensus was, it looks like you're sort of expecting a more back-end loaded year than where consensus was. And I'm just curious, like when you think about a bit more of a back-end loaded year, is that really driven by the visibility you have and maybe the engagement with the cloud customer that you talked about or are there any other sort of segments you would call out where there's a bit more activity in the back half that we are maybe consensus and depreciating in relation to how you get to that full year number? And I have a follow-up.

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : And maybe just for my follow-up. You talked about the opportunity with these cloud customers on AI-related engagements. I'm more curious if you see an opportunity to maybe take the margin profile a bit higher on these AI engagements related to the sort of traditional run rate business that you have with them? How does the competitive landscape look or what do you even sort of -- what are the sort of decision-making points that you're putting up with them? And is there an opportunity to sort of get a premium in some relation to drive a higher margin mix on that?

Question: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Thank you. Thanks for the responses.