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

Alexandre Mesguich

Change is order of day as tech giants shift strategy gears
Partnership

Frank Jennings

Confused? No problem, we have 5, no 6, no 7... lots of standards

Chris Mellor

VC sequence could end not with a bang, but a whimper

Features

Hacked US CENTCOM Twitter account
Roll up, roll up, get your exclusive market insights
Wile E. Coyote goes over the edge again
money trap conceptual illustration
Big boys snare the unwary with too-good-to-be-true deals