The Channel logo

News

By | Team Register 27th April 2006 10:40

Bell sees profit from Europe

Lost in translation

Bell Microproducts dragged its European operation back into profit in the first quarter, results released yesterday showed.

The hardware distributor turned in revenues of $867m in the quarter ending March 31, up eight per cent on the year. Net income was $2.5m, compared to last year's $4.4m. This meant earnings per share of $0.08, or $0.10 after nasty charges were removed.

Revenues were impacted to the tune of $27m, compared to the previous year, because of currency translation with the euro and pound. The company said it had pulled the European operation back into profit through “revenue growth, higher gross margin, and the benefits of cost control”.

Second quarter revenues should come in between $810m and $840m, with earnings of $0.07 to $0.11. ®

alert Send corrections

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me