Avnet Inc. (NYSE: AVT), Phoenix, AZ, reported sales for the fiscal third quarter ended April 1 of $4.4 billion, an 8.8 percent increase year-over-year. Profit for the quarter increased 120 percent to $271.7 million.

Year-to-date sales were $12.8 billion, up 0.5 percent over the same period the previous year. Year-to-date profit increased 8.3 percent to $443.8 million.

In February Avnet completed the sale of its Technology Solutions business to Tech Data Corporation for $2.4 billion in cash and $250 million in Tech Data Corporation shares.