Flextronics International Ltd. (FLEX), expects its revenue to double not only in the current, but also in the next fiscal years. The net sales tumbled to $6.6 billion from $8.15 billion, in the third quarter of 2008.

During the quarter, the company cut net debt by $278 million to $309 million. In all, Flextronics has slashed $1 billion in debt, over the past 12 months.

In the current fiscal year, ending March 31st, the company's notebook revenue will reach US$1 billion. In the next fiscal year, ending March 31st, 2011, the figure will increase to US$2 billion.

"The notebook market is growing significantly, helped by the launch of Windows 7, which will continue to fuel consumer demand", said Sean Burke, President of the company's PC and Server Division.

Analysts are expecting a profit, excluding items of 13 cents a share and revenue of $5.85 billion, on an average.