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

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club