The Channel logo

back to article Europe is computer biz disaster zone, says Avnet

Avnet's top line growth stalled in Q1 largely due to the testing macroeconomic landscape in the Europe, the Middle East and Africa (EMEA) after seven consecutive quarters of increases. Pro-forma revenues for the trading period ended 1 October were flat on a constant currency basis at $6.4bn (£4bn), operating profit was up 14.7 …

COMMENTS

This topic is closed for new posts.
Anonymous Coward

some diaster

"operating profit was up 14.7 per cent"

1
0
Bronze badge

EMEA hiccup

Certainly in Q1, EMEA did not perform well. This could have been a consequence of integration of EMEA acquisitions and a more general slowing down of activity in some sectors. While GAAP operating income for the Group was up 14.7%, adjusted operating income was relatively flat at 0.2%. Rick Hamada makes reference to the relative strength of computer business in Q1 outside EMEA. My gut feel is that majors will find it more difficult to grow consistently across all geographies and fewer still will be able to achieve this without further acquisition.

0
0
This topic is closed for new posts.

Forums

Opinion

Ship scrapyard photo via Shutterstock
Windows 10 Universal Apps
Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July

Features

Steve Ballmer. Pic:  Aanjhan Ranganathan
Nokia is the biggest write-off yet, but it wasn't the first
Confused computer keyboard
Last Christmas, I gave you my Cloud, the very next day you gave it away
Time to pull out the magnifying glass to swot up on those Ts&Cs
Android icon desktop toys
Nice devices, now speak 'enterprise' to me