Jabil Circuit earnings up 76%

ST. PETERSBURG — Jabil Circuit Inc. released its second fiscal quarter financials that included a 76% increase in net income and a 7.8% growth in revenue compared with the same timeframe the previous year, according to a filing with the Securities and Exchange Commission.

In its second quarter, which ended Feb. 29, the St. Petersburg-based electronics manufacturer had $97.7 million in net income compared with $55.4 million during the same time in the last fiscal year. It recorded $4.24 billion in revenue compared to $3.9 billion in the same period in 2011.

Including the most recent financial data, quarterly revenue has increased for four consecutive quarters and net income has grown for three quarters in a row. Jabil's stock is currently trading at $26.49 (NYSE: JBL).