Avnet Reports Surge in Server and Storage Revenue

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

Get the Free Newsletter!
Subscribe to Cloud Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter!
Subscribe to Cloud Insider for top news, trends & analysis
This email address is invalid.

Latest Articles

Azure vs. Palo Alto Networks Firewall Comparison

When investing in firewall protection, you must consider the best options available, as it is one of the essential security tools that can prevent...

What Is iSCSI? Definition, Components, & Performance

iSCSI (Internet Small Computer Systems Interface) is a transport layer protocol that works on top of the transport control protocol.

What is Memory Swapping? How Memory Swapping Works

Memory swapping is a process of moving data between main memory and secondary storage. Learn more about memory swapping and its applications.