Arrow Electronics has reported second-quarter 2022 gross sales of $9.46 billion, a rise of 10 p.c from gross sales of $8.56 billion within the second quarter of 2021.
Second-quarter web revenue was $370 million in contrast with web revenue of $241 million within the second quarter of 2021.
“We’ve continued to construct and ship on our file efficiency for the previous a number of quarters. Whereas market situations are difficult, in addition they present ample alternatives to show Arrow’s dedication to the success of our prospects and suppliers,” mentioned Sean Kerins, president, and chief govt officer (pictured). “Due to the dedication and targeted execution of our crew, we delivered all-time file quarterly gross sales, gross revenue, working revenue, and earnings per share whereas within the face of ongoing provide and demand imbalance.”
International parts second-quarter gross sales of $7.46 billion mirrored a rise of 13 p.c yr over yr and non-GAAP gross sales elevated 16 p.c yr over yr.
Asia-Pacific parts second-quarter gross sales edged ahead 1 p.c yr over yr.
Americas parts second-quarter gross sales soared 26 p.c yr over yr. Europe parts second-quarter gross sales rose 21 p.c yr over yr.
International parts second-quarter working revenue was $524 million.
“Demand for digital parts and related design, engineering and provide chain providers remained robust. Previous investments to reinforce our capabilities, particularly within the areas of engineering and provide chain capabilities, have led to developments in revenue efficiency. That is proof optimistic that we’re uniquely positioned to assist our prospects navigate as we speak’s challenges,” mentioned Kerins.
International enterprise computing options second-quarter gross sales of $2.00 billion mirrored a rise of two p.c yr over yr. Europe enterprise computing options second-quarter gross sales elevated 7 p.c yr over yr. Americas enterprise computing options second-quarter gross sales decreased 1 p.c yr over yr. International enterprise computing options second-quarter working revenue was $84 million.
“International demand for extra advanced, enterprise IT content material was wholesome, and whereas provide constraints represented a headwind to {hardware} gross sales, we noticed energy in our software program and cloud portfolios. We proceed to see energy in cloud, software program and enterprise options and are properly positioned for the transition to IT-as-a-Service,” commented Kerins.
