The Channel logo
The Channel uses cookies. Find out more.

News

By | Team Register 27th April 2006 10:40

Bell sees profit from Europe

Lost in translation

Sponsored: Creating the Storage Advantage

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. ®

Sponsored: Creating the Storage Advantage

alert Send corrections

Opinion

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware