The Channel logo


By | Paul Kunert 1st May 2012 14:50

Arrow profits quiver as Q1 sales misfire

Biz reshuffle and components blamed for income dip

Arrow Electronics' Q1 profits have been derailed by restructuring charges and weaker than expected sales of components in Europe and Asia.

The enterprise distie giant reported a bottom line of just $113.6m (£70.1m), down 16.6 per cent compared to the same quarter a year ago, on the back of sales of $4.9bn (£3.02bn), a drop of 6.1 per cent.

Restructuring, integration and other charges totalled $8.2m, the distributor confirmed. Despite this, the perennially positive CEO Michael Long said the numbers were "in line with expectations".

The Enterprise Computing Solutions (ECS) global unit saw sales rise 15 per cent to $1.54bn. Long said ECS revenues were above normal seasonality driven by storage, software and services - each up by 20 per cent in the quarter.

The global components unit dropped the ball as sales fell 14 per cent to $3.35bn.

"Weaker macroeconomic conditions is Asia and Europe have had a negative impact on our results," said Arrow's chief, commenting on the unit. ®

alert Send corrections


George Osborne, photo: HM Treasury
shutterstock_183801788_container ship

Chris Mellor

The SAN growth glory days are well and truly over, so where next?

Tom Whipp

Insurance industry insider tells all
Crypto fingers


Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire
The Seeing Eye by Valerie Everett, Flickr, CC2.0
Follow the money – or, at least, our projections
Boats storm girl photo via Nikolina Mrakovic
The puppets from Team America: World Police gather at a bar for drinks.