Avnet Reports Surge in Server and Storage Revenue - EnterpriseStorageForum.com

Avnet Reports Surge in Server and Storage Revenue

Download the authoritative guide: Enterprise Data Storage 2018: Optimizing Your Storage Infrastructure

IT Jungle reports IT distributor Avnet is riding an upgrade cycle for servers and storage. Not unlike its rival Arrow Electronics, Avnet reports an increase in revenue this year. Net income for the seller of IT gear and electronic components rose by 31.9 percent, to $151 million and overall revenues for Avnet grew 13 percent.


"Roy Vallee, Avnet's chairman and chief executive officer, said in a statement accompanying the financial results that Technology Solutions came in at the high end of expectations revenue-wise, with sequential declines from the prior fiscal second quarter (which roughly corresponds to calendar year end IT budgets) being lower than usual. The growth in the business was due primarily to server and storage sales, Vallee said.”


Read the Full Story at IT Jungle


Comment and Contribute

 


(Maximum characters: 1200). You have characters left.

 

 

Storage Daily
Don't miss an article. Subscribe to our newsletter below.

By submitting your information, you agree that enterprisestorageforum.com may send you ENTERPRISEStorageFORUM offers via email, phone and text message, as well as email offers about other products and services that ENTERPRISEStorageFORUM believes may be of interest to you. ENTERPRISEStorageFORUM will process your information in accordance with the Quinstreet Privacy Policy.

Thanks for your registration, follow us on our social networks to keep up-to-date