Celestica expects strong second half for communication segment

The Toronto-based company said on Tuesday that it was upbeat about its communication business, which brought in about 35 percent of the company’s revenue last year.

“Our communication end market is expected … to improve in the second half, in part due to a new win with one of our top customers who has made the decision to consolidate their supply base,” Chief Executive Craig Muhlhauser said in a call with analysts.

Celestica forecast adjusted profit of between 11 and 17 cents per share on revenue of between $1.325 billion and $1.425 billion for the three months ending March…

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