Channel Register

Tills ring for Bell in Q2

Despite bum note in Europe

By Team Register • Get more from this author

Posted in IT Channel, 29th July 2005 14:07 GMT

Free whitepaper – What Exchange can't do - and Dell can

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

Free whitepaper – What Exchange can't do - and Dell can