Avnet revenues, profit drop in Q1

Friday 28 October 2016 | 21:46 CET | News
Technology distributor Avnet reported results for its first quarter to 1 October showing adjusted revenues down 13.3 percent from the year before to USD 6.04 billion, the operating profit down 22.9 percent to USD 131.0 million and the net profit dropping over 47 percent to USD 68.8 million. Adjusted diluted earnings per share slid 18.8 percent to USD 0.91.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Avnet
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Avnet sales up 3% to USD 4.2 bln in December quarter

Published 27 Jan 2017 13:46 CET | World
Avnet saw its sales increase 3.4 percent in the fiscal quarter to 31 December from the year ago quarter in constant currency to ...

Avnet, Mellanox ink LatAm hardware distribution deal

Published 15 Dec 2016 11:07 CET | Latin America
Technology distributor Avnet has announced an agreement with Mellanox Technologies to distribute the latter's offerings in ...

Avnet, Micro Focus sign Mexico software distribution deal

Published 08 Dec 2016 09:24 CET | Mexico
Technology distributor Avnet has announced a collaboration with enterprise software provider Micro Focus to sell a range of ...

Avnet names Summers as chief information officer

Published 07 Dec 2016 11:49 CET | World
Avnet appointed Kevin Summers as its chief information officer (CIO), with responsibility for Avnet's global IT strategy and ...

Tech Data to buy Avnet Technology Solutions for USD 2.6 bln

Published 19 Sep 2016 14:41 CET | World
Avnet has agreed to sell its Technology Solutions division to rival Tech Data for USD 2.6 billion. The company said it will focus ...