Articles about Avnet Technology Solutions

Extra week of sales in Avnet's Q1? That's good, says CEO

An extra seven days of sales in Avnet Technology Solutions' latest full quarterly numbers added some much needed top line meat, cut from demand for networking, storage, security and services. In the enterprise distie's Q1 of fiscal '16, for the 53 weeks ended 3 October, revenue went up 1.3 per cent to $2.498bn, including $225m …
Paul Kunert, 29 Oct 2015
Avnet TS

Avnet Technology Solutions in UK revamp

Avnet Technology Solutions is proposing to work with fewer channel customers which buy opportunistically, and throw its support instead behind those that want a "strategic relationship". The US distie giant is trying to tap into a relatively a nebulous term in the channel - loyalty - and has formed customer facing business …
Paul Kunert, 13 Dec 2012

Avnet 'evaluating resource commitments' as times stay tough

Avnet is looking to cut up to $50m off its expenses bill and reduce the workforce after releasing preliminary results for fiscal Q1 that show a near double digit sales slide. The distributor says turnover will be approximately $5.85bn, down nine per cent year-on-year for the period ended 29 September, and it's the Technology …
Paul Kunert, 11 Oct 2012
Avnet TS

Avnet Q4 sales, profit hit as resellers keep wallets shut

Avnet sales and profit in Q4 slumped across both its components and tech solutions businesses on the back of a summer slowdown in reseller spending and a blistering currency headwind. Turnover for the period ended 30 June fell 8.8 per cent to $6.3bn, operating profit dropped by just over a fifth to $213.4m and net profits sunk …
Paul Kunert, 8 Aug 2012
Avnet TS

Avnet Technology Solutions swallows Pepperweed

Avnet Technology Solutions has swallowed Pepperweed Consulting, an HP Software Elite Partner Stateside. This is the latest acquisition Avnet TS has made this year after snapping up enterprise distie Magirus and minnow solutions providers including Mattelli and Ascendant Tech. IT enterprise management and integration firm …
Paul Kunert, 3 Aug 2012
Avnet TS

Avnet fears possible $73m bill as US Customs probe deeper

Avnet has warned it may be liable to cough $73m for duties, interest or fines arising from a US Customs and Border Protection probe into unpaid import tax owed by the previously acquired Bell Microproducts operation. In an SEC filing, enterprise distie Avnet said this was a worst case scenario and it has actually set aside $ …
Paul Kunert, 3 Jul 2012
Avnet TS

Avnet TS sales slide but operating income up

Distribution Goliath Avnet Technology Solutions suffered a double-digit revenue slide across EMEA but boosted operating profits after cost-cutting and pursuing only margin-boosting biz in its fiscal Q3. TS, the enterprise wing of Avnet Inc, saw global turnover for the quarter ended 31 March fall 8.1 per cent to $2.52bn, but …
Paul Kunert, 26 Apr 2012
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Oracle biz-pusher Paul Young leaves Avnet TS

Avnet has commenced the search for a successor to Oracle business unit director Paul Young, who is moving to Hamilton Rentals as UK sales director. Young joined US enterprise distie Avnet in 2008 when it acquired independent Horizon Technology, formerly Clarity Technology, for €101.3m. John Toal veep and and country manager …
Paul Kunert, 17 Apr 2012
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Avnet TS swallows Ascendant Technology

Avnet Technology Solutions has swallowed IBM middleware reseller and consultancy Ascendant Technology (Atech) for an undisclosed sum. Atech – which has offices in North America, Europe, Brazil and India – has several IBM Lotus awards but also makes software tools including apps for e-commerce, enterprise portal and …
Paul Kunert, 26 Mar 2012
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Avnet now proud owner of Magirus enterprise biz

Avnet, the US distie giant, yesterday completed the takeover of the enterprise IT division of Magirus, gaining itself an extra $500m-a-year-in annual revenues, 140 staffers in sales, marketing and purchasing, and five new European countries to play with. And Dubai. The acquisition, annnounced in July, gives Avnet's Technology …
Team Register, 9 Oct 2007

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