Arrow And Avnet Ride System Upgrade Waves In Recent Quarter
February 20, 2012 Timothy Prickett Morgan
Despite some issues in the European economy and stalled shipments of disk drives due to the flooding in Thailand, the two biggest master resellers of IT gear–Arrow Electronics and Avnet–turned in improving profits in their most recent quarters. But the revenues were a bit choppy. In the quarter ended December 31, Arrow’s Enterprise Computing Solutions (ECS) had just under $2 billion in revenues in the quarter, up 5.4 percent, and operating income hit $106.4 million, up a very tidy 19.5 percent. Arrow’s electronic components distribution business only grew 3 percent, to $3.4 billion, and the operating income for |