By Robert Trigaux, Times Business Columnist
Wednesday, September 28, 2011
Amid talk of more recession, a European meltdown and a slowing China economy, a St. Petersburg company with 100,000 employees worldwide has found a way to defy the global slowdown. For now.
Heads up, business folks. There are some lessons to be learned here.
"The GDP in March was less than a point. Low European growth has not mattered much and Japan is teetering on recession. We put up 23 percent revenue growth in that type of an environment," says Jabil Circuit CEO Tim Main.
"It's remarkable how little macroeconomic trends have mattered to our company this year."
How many companies can honestly say that?
Give Main and Jabil some leeway to crow. The company just announced record annual revenues (its fiscal year ends Aug. 31) of $16.5 billion from $13.4 billion. Earnings rose 126 percent ...