Avnet records bumper sales in Q1

During its first quarter, Avnet Inc. sales grew by 26.4% to cross the $6 billion mark. In the same period, Avnet also completed its four acquisitions – Bell Micro, Tallard Technologies, Unidux and Eurotone Electric Limited. And with these new acquisitions Avnet expects to add nearly $4 billion extra to its annual revenue.

Whereas, Avnet Technology Solutions’ operating group revenue grew 33.6% year over year to $2.6 billion, and experienced better-than-normal sequential growth of 22.6%. Avnet Technology Solutions was driven by storage, processors and networking products.

Comments

Comments