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

Merlin Data Center Interior

Trevor Pott

Enterprises want them, but they're still a pain in the ASCII
WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire