Avnet’s Q3 Results; A Quick Rundown
Avnet has announced their third quarter earnings. The over-arching theme? Growth, and dramatic "year over year" increases in revenue. Here's the quick rundown on the facts and figures Avent put out for its most recently completed quarter...
So here's the break down:
So here's the break down:
- Net sales increased 28.5% to $4.76 billion
Avnet has announced their third quarter earnings. The over-arching theme? Growth, and dramatic “year over year” increases in revenue. Here’s the quick rundown on the facts and figures Avent put out for its most recently completed quarter…
So here’s the break down:
- Net sales increased 28.5% to $4.76 billion
- Avnet enjoyed a better than expected demand for IT products under Avnet Technology Solutions, where sales exceeded expectations for Q3 2010, and jumped 16.6% from Q3 2009. ATS saw very strong growth in the server and storage markets.
- Q3 is the second consecutive quarter in which Avnet has enjoyed year-over-year double digit growth.
Separately, Cisco CEO John Chambers noted that 75% of world economies were in recession at this time last year. Fast forward to the present, and only 5% of world economies are in recession. Chambers made the statement on April 29 at Cisco Partner Summit in San Francisco.
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