The Channel logo

News

By | Team Register 29th July 2005 14:07

Tills ring for Bell in Q2

Despite bum note in Europe

Storage distributor Bell Microproducts saw revenues jump by a quarter in the second quarter.

The top line for the quarter ending June 30 came in at $788m, up 25 per cent on the year. Net earnings were $3.2m, compared to the previous year’s $1.1m.

Bell said the boost in revenues came despite challenging market conditions in Europe in the second quarter. Its acquisition of OpenPSL in June 2004 helped boost overall European sales by 22 per cent. Excluding OpenPSL, European revenues were up just 10 per cent.

An overall decline in gross margins from 7.2 per cent to 7.1 per cent was down to the pressure in Europe and a reduction in “certain vendor incentives” said Bell.®

Related stories

Bell Micro sounds a profit
Bell swings into full year profit
Bell Micro buys UK distie
Bell Micro picks boss for Europe

alert Send corrections

Opinion

Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world