July 22, 2011 / 12:17 PM / in 6 years

UPDATE 1-Celestica Q2 net profit up, sees continued volatility in demand

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July 22 (Reuters) - Contract electronics maker Celestica Inc reported a more than threefold jump in quarterly net profit, but said it expects the current global environment to drive continued volatility in customer demand.

In the second quarter, the company earned $45.7 million, or 21 cents a share, compared with $13.0 million, or 6 cents a share, a year ago.

On an adjusted basis it earned 27 cents per share.

Revenue for the company, whose major customers are IBM and Cisco , was $1.83 billion, up from $1.59 billion in the year ago. (Reporting by Bhaswati Mukhopadhyay in Bangalore; Editing by Maju Samuel)

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