Arrow Electronics Inc. (NYSE: ARW), Englewood, CO, No. 2 on MDM's list of top electronics distributors, reported sales for the second quarter of $5.7 billion, an increase of 7 percent year-over-year. Profit increased 42.3 percent to $127.9 million.
"Global components, as well as the software and services portions of enterprise computing solutions, again delivered growth," said Michael Long, president and CEO. "Business conditions for the hardware portion of enterprise computing solutions improved from the first quarter as we anticipated.”
Global components second-quarter sales increased 5 percent year-over-year, while global enterprise computing solutions sales increased 10 percent.
Year-to-date sales were $10.8 billion, an increase of 5.9 percent over the prior-year period. Profit increased 40 percent to $235 million.
