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

Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Chris Mellor

BTIG analysts ponder Pure's position and fall in (qualified) love

Features

Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'
Kevin Turner
Last of Steve Ballmer's old guard heads for the exit
Wind turbine, image via Shutterstock