Farnell widens margins

Calendar Q1 revenues at Avnet were up 1.2% y-o-y at $4.7 billion with an operating margin of 3.3%. Farnell’s operating margin was 12.4% up from 10.8% in calendar Q1 2018. “I am pleased with the strong execution we demonstrated this quarter,” said Avnet CEO Bill Amelio (pictured), “we saw continued strength in our Americas and ...

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