System Biz Growth Can’t Offset Component Slump At Arrow
May 14, 2012 Timothy Prickett Morgan
Weakening macroeconomic conditions in Europe and Asia made for a rougher than usual first quarter for Arrow Electronics, one of the two big master resellers in the world for systems and electronic components. However, the systems business was up and the components business was down, which is a better sign than you might otherwise think. During the first quarter ended in March, Arrow’s Enterprise Computing Systems group posted sales of $1.54 billion, up 15.2 percent compared to the year ago period and posted an operating income of $55.5 million, up 42 percent. But the Arrow components biz shrank by |