The Channel logo

News

By | Team Register 17th February 2005 16:40

Bell swings into full year profit

Euro ops boost Q4 margins

Bell Microproducts yesterday reported a 140 per cent increase in fourth quarter profits.

The distributor’s revenues in the period ending 31 December were $808m, up 26 per cent on the year, while net earnings were $5.8m, compared to the previous year’s $2.4m.

For the full year, sales came in at $2.8bn, up 27 per cent on the year, while net earnings were $11.3m, compared to the previous year’s $4.5m loss.

Improvements at Bell’s European operation underpinned an improvement in gross margins from 7.5% to 8%.

President and CEO, Donald Bell, said the company’s growth rate was 27 per cent, compared to 10 per cent for the technology distribution sector overall. He expects to boost the company’s share in the current year. ®

Related stories

Bell Micro buys UK distie
Bell Micro picks boss for Europe

alert Send corrections

Opinion

WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing
Boy writes a letter to Santa. Pic via Shutterstock

Kat Hall

Cornwall's win over BT should be a cautionary relationship tale

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire