Articles about Arrow Electronics

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Enchanted Lenovo uses StorMagic spells for hyper-convergence

Lenovo and StorMagic are offering three hyper-converged configurations from Arrow partners that are channel-integrated, pre-tested and ready to plug-and-play for less than $5K. The entry level is a two-node cluster (without hypervisor) starting at $5,000, significantly less than Nutanix, SimpliVity and EVO: Rail hyper- …
Chris Mellor, 19 Aug 2015

Arrow Electronics buys Computacenter tech disposal biz for £56m

It may be cold outside, but Computacenter (CC) investors have got a warm glow this morning – they are to receive a £100m windfall, partly financed by the sale of the tech disposal and asset recovery biz. The London-listed tech supplier last night revealed to the City the sale of RD Trading (RDC) for £56m in cash to the UK arm …
Paul Kunert, 3 Feb 2015

Arrow: global macro still 'unsettled" as profits dip

Just when you thought it was safe to mouth the words distributor and expanding profits in the same breath, Arrow Electronics has rolled out financials for calendar Q3 that show some bottom line slippage. The numbers for the three months ended September weren't bad per se, but after CEO Michael Long said last quarter that " …
Paul Kunert, 30 Oct 2013

Enterprise tech market returning, says Arrow CEO Long

Enterprise tech buyers may have started to shake off the residual effects of the recession, judging by the fortunes of sector bellwether Arrow Electronics, whose numbers came in at the high end of expectations. Turnover for the second quarter of fiscal 2013, ended 29 June, went up three per cent to $5.3bn. However it was the …
Paul Kunert, 25 Jul 2013
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Another year, another $40m: Arrow Electronics to cut costs AGAIN

Arrow Electronics warned that it needs to hack out $40m of costs amid concerns of significant shrinkage in economies on both sides of the Atlantic. The enterprise distie took the covers off full-year 2012 numbers that showed a 15.4 per cent year-on-year slide in net profits to $506.3m and a 4.6 per cent dip in turnover to $20. …
Paul Kunert, 7 Feb 2013
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Arrow Electric CEO: Sales dip, profits fall but it's no 'overall disaster'

Arrow Electronics stopped well short of saying the recession has bottomed out as its components arm continues to wrestle with a tough biz climate, but an air of optimism hung over senior management. Sales at the distie titan fell 4 per cent to $4.96bn, but this excluded $176.5m of services contracts now to be recognised on an …
Paul Kunert, 1 Nov 2012
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Distie giant Arrow acquires Ireland's Altimate for €48.1m

American distie Arrow Electronics has scooped up smaller Irish-owned rival Altimate Group for €48.1m. Channel-bestriding behemoth Arrow bought the distributor off Irish financial holding company DCC. Altimate is DCC's Enterprise distribution business and in 2011 reported a yearly operating profit of €3.7m on €257m of global …
Anna Leach, 3 Apr 2012
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Arrow Electronics sales and profits up in Q3

Distribution juggernaut Arrow Electronics ploughed through Q3 with sales and profits up by double digits. The US firm, which recorded an 11 per cent rise in turnover to $5.19bn (£3.26bn) and an 11.5 per cent climb in profits to $132.2m (£83.1m) for the period ended 1 October, is now planning to beef up its vendor and services …
Paul Kunert, 26 Oct 2011
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Cisco taps Avnet to peddle 'California' servers

This is one that you could have seen coming a million miles away. With only two master resellers in the global server racket, it was only a matter of time before either Arrow Electronics or Avnet started distributing the "California" Unified Computing System converged blade servers from Cisco Systems. Avnet has announced that …
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Unisys anoints ex-Gateway chief as CEO

Well, that didn't take very long. Only two weeks ago, server and services specialist Unisys said that Joe McGrath, its president and chief executive officer, was stepping down at the end of the year and that its board of directors were beginning a search for a new executive to accelerate its strategy. And today, Unisys announced …
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Microtronica sticks band-aid on UK ops

Here's a weird thing. The computer components distie Microtronica doesn't want to be a distributor anymore. Not in the UK, at any rate, where it has told PC builders that they must go to Scan Computers, the computer retailer, for their supplies. In other words, Scan will be a sub-distributor, saving Microtronica logistic …
Team Register, 1 Aug 2008

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