Revenue during the quarter grew 15.42 percent to $1,651.10 million from $1,430.50 million in the previous year period. Gross margin for the quarter expanded 102 basis points over the previous year period to 33.07 percent. Total expenses were 79.46 percent of quarterly revenues, down from 79.80 percent for the same period last year. This has led to an improvement of 34 basis points in operating margin to 20.54 percent.

Operating income for the quarter was $339.10 million, compared with $289 million in the previous year period.

Amphenol president and chief executive officer, R. Adam Norwitt, stated, "We are very pleased to close 2016 above the high end of our guidance with record sales and diluted EPS in the quarter of $1.651 billion and $0.75, respectively. We achieved these results despite the ongoing uncertainties in the global economy. Compared to the fourth quarter 2015, sales increased by 15%, with organic growth in all markets except mobile devices and commercial aerospace, together with contributions from the Company's successful acquisition program. For the full year 2016, we grew sales and Adjusted Diluted EPS by 13% and 12%, respectively. This success was supported by our unique entrepreneurial culture, which continues to enable strong operating results, as demonstrated by the Company's record operating margin of 20.5% in the fourth quarter 2016. This excellent profitability reflects a very successful first year for FCI, the largest acquisition in the Company's history, and is a direct result of our entire management team's ability to drive disciplined operational execution together with an unrelenting focus on all elements of cost. Operating cash flow in the quarter and for the full year was $349 million and $1,078 million, respectively, a clear confirmation of the quality of the Company's earnings. I am very proud of our organization as we continue to execute extremely well."

For financial year 2017, Amphenol Corporation projects revenue to be in the range of $6,340 million to $6,500 million. It forecasts diluted earnings per share to be in the range of $2.84 to $2.92 for the same period.

For the first-quarter, Amphenol Corporation projects revenue to be in the range of $1,495 million to $1,535 million. It forecasts diluted earnings per share to be in the range of $0.65 to $0.67 for the same period.

The company has spent $1,612.70 million cash to meet investing activities during the year as against cash outgo of $27.30 million in the last year. It has incurred net capital expenditure of $183.70 million on net basis during the year, up 12.42 percent or $20.30 million from year ago.

The company has spent $133.50 million cash to carry out financing activities during the year as against cash outgo of $180.10 million in the last year period.

Cash and cash equivalents stood at $1,034.60 million as on Dec. 31, 2016, down 40.44 percent or $702.60 million from $1,737.20 million on Dec. 31, 2015.

Working capital drops significantly
Amphenol Corporation has witnessed a decline in the working capital over the last year. It stood at $1,956 million as at Dec. 31, 2016, down 31.17 percent or $885.60 million from $2,841.60 million on Dec. 31, 2015. Current ratio was at 2.20 as on Dec. 31, 2016, down from 3.82 on Dec. 31, 2015.

Cash conversion cycle (CCC) was almost stable at 48 days for the quarter, when compared with the last year period. Days sales outstanding went up to 38 days for the quarter compared with 36 days for the same period last year.

Days inventory outstanding has decreased to 39 days for the quarter compared with 40 days for the previous year period. At the same time, days payable outstanding was almost stable at 28 days for the quarter, when compared with the previous year period.