https://www.channelfutures.com/wp-content/themes/channelfutures_child/assets/images/logo/footer-logo.png
Banking Technology
    • Newsletter
  • Home
  • Technologies
    • Back
    • Analytics
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
  • Intelligence
    • Back
    • Content Resources
    • From the Industry
    • Galleries
    • Our Sponsors
    • Podcasts
    • Videos
    • Webinars
    • White Papers
  • Think Tank
  • Awards
    • Back
    • Circle of Excellence
    • Digi Awards
    • MSP 501 Rankings
    • Talkin’ Cloud 100
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
  • More
    • Back
    • About Us
    • Advertise on Channel Futures
    • Contact Us
    • Editorial Calendar
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
  • Home
  • Technologies
    • Back
    • Analytics
    • Cloud
    • Data Centers
    • Desktop
    • IoT
    • Mobility
    • Networking
    • Open Source
    • RMM/PSA
    • Security
    • Virtualization
    • Voice/Connectivity
  • Strategy
    • Back
    • Best Practices
    • Business Models
    • Channel Programs
    • Channel Research
    • Digital Transformation
    • Leadership
    • Mergers and Acquisitions
    • Sales & Marketing
    • Specialty Practices
  • MSSP Insider
    • Back
    • Business of Security
    • Cloud and Edge
    • Endpoint
    • Network
    • People and Careers
    • Training and Policies
  • MSP 501
  • Intelligence
    • Back
    • Content Resources
    • From the Industry
    • Galleries
    • Our Sponsors
    • Podcasts
    • Videos
    • Webinars
    • White Papers
  • Think Tank
  • Awards
    • Back
    • Circle of Excellence
    • Digi Awards
    • MSP 501 Rankings
    • Talkin’ Cloud 100
  • Events
    • Back
    • CP Conference & Expo
    • Channel Partners Evolution
  • More
    • Back
    • About Us
    • Advertise on Channel Futures
    • Contact Us
    • Editorial Calendar
    • Newsletter
  • REGISTER
  • MSPs
  • VARs / SIs
  • Digital Service Providers
  • Cloud Service Providers
  • CHANNEL PARTNERS ONLINE
 Channel Futures

Strategy


Citrix, Arrow Earnings Help Confirm Growth Trend in Tech Sector

  • Written by Dave Courbanou 1
  • April 27, 2011

Technology distributor Arrow Electronics and virtualization stalwart Citrix both posted positive numbers for first quarter 2011, representing an ongoing trend of growth and financial gains in the tech sector. Read on for the details and the effect on the Wall Street milieu …

For its Q1 2011 revenues Citrix posted an increased to $491 million, compared to $414 million in Q1 2010, an 18 percent increase. Citrix’s net income for Q1 2011 was $74 million, up from $47 million in the year-ago period and a boost of 36 percent. Citrix president and CEO Mark Templeton attributed much of the company’s success from solid demand of Citrix’s core products, with a considerable appetite for its technology in the Americas and the Pacific. Technical service engagements also were a factor. Wall Street liked what it saw, sending Citrix stock to almost $78 a share, almost a percentage point, despite some concerns that Citrix is overvalued and its stock price is beyond its earnings.

Arrow Electronics, meanwhile, noted a Q1 2011 increase in net income, to $136.3 million compared with $87 million in Q1 of 2010. Its Q1 revenues hit $5.2 billion, above expectations. Arrow’s Wall Street “cred” saw a boost, with stocks closing at $45.63, up a little more than 2 percent. A general “return to IT spending” was one of a few reasons Arrow cited for its growth.

Sign up for The VAR Guy’s Weekly Newsletter, Webcasts and Resource Center. Follow The VAR Guy via RSS, Facebook and Twitter. Follow experts at VARtweet. Read The VAR Guy’s editorial disclosures here.

Tags: Cloud Service Providers Digital Service Providers MSPs VARs/SIs Channel Programs Strategy Virtualization

Related


  • VIPRE February Blog image
    Email Security: A Smart Addition to Any MSP’s Layered Security Strategy
    While email usage continues to skyrocket, many MSPs still have not tapped into email security software to protect both their clients' and their own systems.
  • Edge Computing
    Growth in Edge Computing Spurs Creation of LF Edge Group
    While discussion and concepts relating to edge computing are gaining popularity, it is still lacking standards and interoperability, which is what the LF Edge effort will try to resolve.
  • Ebook icon
    11 Habits of Highly Effective MSP Marketers
    We surveyed more than 150 IT service providers about their marketing habits, and we gained some eye-opening insights into what’s working and what’s not. Find out what MSP marketers who feel highly confident about their marketing activities—and the impact it will have on their business—are doing right.
  • Pivot3's New Global Sales Chief Has Big Plans for the Channel
    Pivot3 is bolstering its growing channel relationships with its latest hire.

Leave a comment Cancel reply

-or-

Log in with your Channel Futures account

Alternatively, post a comment by completing the form below:

Your email address will not be published. Required fields are marked *

Related Content

  • Tech Data Launches Cloud Solutions Factory to Ease Digital Transformation
  • On Your Mark … The Annual MSP 501 Survey Is Preparing for 2019 Launch
  • IBM’s Rometty Describes Enterprise-Driven Digital Reinvention
  • The Cybersecurity Shift: The Best Defense Is a Good Offense

From the Industry


Sponsor Content

10 Ways MSPs and MSSPs Can Deliver Managed Detection and Response Services

February 21, 2019
Sponsor Content

Email Security: A Smart Addition to Any MSP’s Layered Security Strategy

February 20, 2019
Sponsor Content

Grow Your Business by Reducing Complexity for SMB Customers

February 20, 2019
view all

Galleries


Check Point CPX360 Featuring VMware, Versa Networks

February 8, 2019
view all

Webinars


Sponsor Content

Social media and email phishing: How to protect financial information from fraudsters

February 19, 2019
Sponsor Content

Double Your Revenue with Backup and DRaaS

February 12, 2019
view all

White Papers


Sponsor Content

A Business Owner’s Guide to Cybersecurity

February 6, 2019
Sponsor Content

The Seven Types of Power Problems

February 6, 2019
Sponsor Content

The Lean MSP

January 29, 2019
view all

Videos


Sponsor Content

Video: Ivanti Unified IT: Automate Service Requests

January 14, 2019
Sponsor Content

Linksys Cloud Manager Tutorial – Dashboard Overview

January 13, 2019
Sponsor Content

Linksys Cloud Manager Tutorial – How to Set Up a Network, Access Points, and SSID

January 13, 2019
view all

Twitter


ChannelFutures

@googlecloud bolsters #cloud competition vs. @awscloud and @Azure with @aloomainc acquisition goo.gl/fb/LAoiv4

February 23, 2019
ChannelFutures

The MSP Sales Profitability Playbook goo.gl/fb/9Fh265

February 22, 2019
ChannelFutures

New CEO @Axcient plans for greater channel involvement for the #cloudmigration, business availability vendor goo.gl/fb/uNeJDe

February 22, 2019
ChannelFutures

.@McAfee #cybersecurity expert stresses the importance of #endpointsecurity. goo.gl/fb/o1f3of

February 22, 2019
ChannelFutures

Can PQC be used to create encryption that defeats the cracking power of quantum computers? goo.gl/fb/kLphnT

February 22, 2019
ChannelFutures

@Arcserve unveils new disaster recovery capabilities for #SMBs through virtual machines on the #cloud goo.gl/fb/W2vSn6

February 21, 2019
ChannelFutures

.@Lastlineinc signs first #distribution agreement in NA with #Synnex. goo.gl/fb/fxXAAz

February 21, 2019
ChannelFutures

@HarmonyPSA hopes to build on 2018 growth and cement its place in the crowded #MSP mgmt software space @MSP_501 goo.gl/fb/16XbRG

February 21, 2019

MSSP Insider

Newsletters and Updates

Sign up for the Doyle Report, Channel Futures Update, MSP 501 Update and more.

Live Channel Events

Get the latest information on the next industry-leading Channel Partners event.

Channel Partners Online

Want more? Find more channel news and analysis on our sister site, Channel Partners.

Media Kit And Advertising

Want to reach our audience? Access our media kit

Channel Futures

© Channel Futures 2019. All rights reserved.

  • About Us
  • Contact Us

Related Links

  • Privacy Policy
  • Terms of Service

Follow us

Websites are now required by law to gain your consent before applying cookies. We use cookies to improve your browsing experience. Parts of the website may not work as expected without them. By closing or ignoring this message, you are consenting to our use of cookies.
X