Avnet has reported Q2 sales of $4.7 billion up from $4.5 billion in the prior year quarter, supported by record sales in Asia of $2.2 billion, up 16% year over year.
Avnet has joined the ECIA (Electronic Components Industry Association) as a distributor member.
In its Q1 2020/21 Avnet has reported sales of $4.72 billion, surging 13.5% from $4.15 billion in the previous quarter. Year on year sales grew 2%.
Avnet has reported fourth quarter sales of $4.2bn, down a smidgeon from $4.3bn in the previous quarter and a decline from $4.7bn year on year.
Avnet has reported fourth quarter sales down 7.5% year on year to $4.7bn. Farnell fourth quarter sales slipped 12% year on year to $343.4m, and 6.5% sequentially to $367.5m. Avnet CEO Bill Amelio blamed macroeconomic headwinds and tariffs.
Avnet revenues rose 9.8% year on year to $5.06bn in the fourth quarter of 2018. Income fell to $58.6m against $81.4m in the fourth quarter. Highlights included Premier Farnell where revenues increased 13% year on year, and record 11.8% margins were achieved.
Avnet has established a strategic alliance to accelerate the development and delivery of complete end-to-end IIoT solutions to customers throughout the Americas and Europe. The deal combines Avnet’s expertise in the design and development of custom IoT hardware with relayr’s IIoT capabilities.
Avnet has rung the changes in its European management team. Slobodan Puljarevic and Mario Orlandi were named President of Avnet EMEA, succeeding Miguel Fernandez, who retired from Avnet after more than 30 years. In their new roles they will report to Phil Gallagher, President of Avnet’s global components business.
Avnet sales rose 5.8% to $4.52bn from $4.27bn in the second quarter to December 2017. Europe and Asia/Pacific led the advance. Sales in EMEA rose to $1.50bn from $1.38bn year on year and Asia/Pacific contributed a 10% increase from $1.64bn to $1.80bn.
Designs on designs: Avnet has opened its first design centre in the Americas