The Channel logo

News

By | Joe Fay 8th November 2007 14:11

Europe helps boost Systemax Q3

Profits jump 41%

Systemax said strong growth in both Europe and North America helped lift sales in its third quarter.

The PC and components vendor said sales climbed 20 per cent on the year to $687.3m in the quarter ending 30 September, while net profits jumped 41 per cent to $17.6m.

The company said North America technology group sales grew 20 per cent, "driven by growth in all sales channels". European sales were up 27 per cent overall, or 19 per cent after exchange rate effects, led by internet sales and public sector customers.

Systemax operates under the TigerDirect, Global, and Ultra brands in the US, and the Misco brand in Europe.

For the year to date, sales stand at $2bn, up 18 per cent, while net profits climbed 22 per cent. ®

alert Send corrections

Opinion

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers
single pain of glass