Revenue during the quarter dropped 9.58 percent to $6,115 million from $6,763.18 million in the previous year period. Gross margin for the quarter expanded 12 basis points over the previous year period to 6.81 percent. Total expenses were 97.28 percent of quarterly revenues, up from 97.15 percent for the same period last year. That has resulted in a contraction of 13 basis points in operating margin to 2.72 percent.

Operating income for the quarter was $166.17 million, compared with $192.53 million in the previous year period.

However, the adjusted operating income for the quarter stood at $223.11 million compared to $236.08 million in the prior year period. At the same time, adjusted operating margin improved 16 basis points in the quarter to 3.65 percent from 3.49 percent in the last year period.

"Our Sketch-to-Scale strategy remains firmly on track as reflected in our third quarter performance," said Mike McNamara, chief executive officer at Flex. "We remain focused on value creating activities such as a structural mix shift to a higher margin business, generating sustainable free cash flow and consistently returning value to our shareholders."

The company has spent $579.43 million cash to meet investing activities during the nine month period as against cash outgo of $1,312.78 million in the last year period. It has incurred net capital expenditure of $385.54 million on net basis during the nine month period, down 6.86 percent or $28.39 million from year ago period.

The company has spent $204.55 million cash to carry out financing activities during the nine month period as against cash inflow of $386.50 million in the last year period.

Cash and cash equivalents stood at $1,857.10 million as on Dec. 31, 2016, up 13.64 percent or $222.90 million from $1,634.19 million on Dec. 31, 2015.