arrow electronics inc (ARW) Key Developments
Arrow Electronics, Inc. Signs Distribution Agreement with Nutanix
Jul 10 14
Arrow Electronics, Inc. has signed a distribution agreement with Nutanix. Under the agreement, Arrow will distribute the Nutanix Virtual Computing Platform to its broad community of solution providers in North America.
Arrow Electronics and DSA Encore Join Together to Address Market Demand for Converged Infrastructure Managed Services
Jul 8 14
Arrow Electronics, Inc. announced an alliance with DSA Encore to address increased customer demand for a single-source supplier for data-center and converged-infrastructure products and services. Through the agreement, DSA will be available to customers of Arrow's S3 business, as well as to solution providers supported by Arrow's North American enterprise computing solutions segment. Arrow's S3 business provides systems integration for business-transforming communication, collaboration and ongoing services solutions to large and midsize businesses. Arrow's enterprise computing solutions segment provides technology, services and support to IT solution providers.
Arrow Electronics, Inc. Reports Earnings Results for the First Quarter Ended March 29, 2014; Provides Earnings Guidance for the Second Quarter of 2014
Jun 17 14
Arrow Electronics, Inc. reported earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported that net income attributable to the shareholders was $107.12 million, or $1.06 per diluted share, compared to $77.87 million, or $0.72 per diluted share, for the same quarter ended March 30, 2013. Sales for the first quarter ended March 29, 2014 were $5.08 billion, compared to $4.85 billion for the same quarter ended March 30, 2013. Operating income for the first quarter ended March 29, 2014 was $177.74 million, compared to $137.55 million for the same quarter ended March 30, 2013. Income before income taxes for the first quarter ended March 29, 2014 was $149.52 million, compared to $105.73 million for the same quarter ended March 30, 2013. The company reported cash flow from operations of $124 million.
The company expects earnings per share, on a diluted basis, excluding any charges to be in the range of $1.35 to $1.47 for the second quarter of 2014. The company expects total sales to be in the range of $5.45 billion to $5.85 billion for the second quarter of 2014.
MiCTA Selects Arrow Electronics as A National Vendor for Equipment Purchases
Jun 6 14
MiCTA has named Arrow Electronics as an approved national vendor for computing solutions. The agreement will enable MiCTA members to purchase a broad array of technology-related equipment from Arrow using MiCTA's negotiated volume discount. The suppliers included in this agreement are BlueCoat, Brocade, EMC, Fortinet, PKWare, RSA, VCE and Websense. MiCTA selected Arrow following a highly competitive RFP process that evaluates products and services on behalf of its nationwide membership. MiCTA's master service agreements deliver substantial cost savings to its members and eliminate the need for MiCTA members to conduct their own expensive and time-consuming individual RFPs.
Arrow Electronics, Inc. Announces Reseller Agreement with SoftLayer
Jun 3 14
Arrow Electronics, Inc. announced the continued global expansion of its cloud services portfolio with the addition of solutions from SoftLayer, an IBM Company. Through a new reseller agreement, Arrow will distribute SoftLayer cloud services in the United States, Canada, Europe, the Middle East and Africa. Softlayer offers unique benefits to customers seeking a high-performance infrastructure cloud service, including bare metal and virtual servers in one platform and with a seamless global network for exceptional performance, flexibility and control. The modular ArrowSphere platform provides automated provisioning and consolidated billing for cloud services from leading service providers, facilitating transactions with more than 500 customers every day. In addition to ArrowSphere, Arrow enables the transformation of the channel to the cloud through workshops, business transformation roadmaps and tools to build and scale cloud practices.