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Avnet studies Q3 outcomes

Avnet studies Q3 outcomes

Posted Date: 2023-06-08

Avnet had Q3 gross sales of $6.5 billion for an working revenue of $313 million which was up 4.9% q-o-q and 14.3% y-o-y.

Farnell’s contribution of $455 million in gross sales is an 11.5% enhance from the earlier quarter, whereas Avnet reports Q3 resultsworking margin held regular sequentially at 9%.

Farnell’s strategy to  working at the side of associate organisations to beat world provide constraints, proved integral to this monetary efficiency.

“Regardless of the affect of key product line shortages and international forex change headwinds, now we have demonstrated resilience within the face of industry-wide challenges,” says Farnell president  Chris Breslin,“we are going to proceed to strategically make investments to develop our digital elements portfolio, which is able to in flip allow our clients to grab each alternative supplied by the exponential progress of an more and more evolving market.”

Avnet’s Q3 leads to full.

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