The Channel logo

News

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

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar