CEO: Michael Long
Arrow Electronics reported sales of $15.2 billion for the first nine months of 2013, ended Sept. 28, up 1.3 percent from the same period in 2012. But net income for the period was $264.6 million, down more than 20 percent from the first three quarters of 2012.
Like other distributors in 2013, Arrow worked hard to expand its presence in cloud computing. It began offering its ArrowSphere cloud service brokerage and cloud aggregation platform to channel partners in the U.S. and Canada.
The Englewood, Colo.-based company also inked deals to distribute SafeNet's cloud-based secure data and storage technologies and DinCloud's hosted virtual desktop services. Arrow also teamed up with Intel to provide resources to solution providers to meet converged infrastructure opportunities.