CEO: Michael Long
For its first quarter ended March 31, distributor Arrow Electronics reported sales of $4.85 billion, down 0.8 percent from the same period one year earlier. Net income was $77.9 million, down almost 50 percent from one year before.
This year Arrow extended its ArrowSphere cloud service brokerage and cloud aggregation platform to partners in the U.S. and Canada. And, it prepared a new end-of-life services program to help channel partners with IT asset disposal.