Fortune 500 reveals richest disties

By Allie Coyne on May 10, 2012 12:57 PM
Filed under Finance

See who's in the lead.

Global technology distributor Avnet has skyrocketed up 24 places on the Fortune 500 list thanks to sales of $26.5bn worldwide in the last fiscal year.

The revenue jump represents a 38 percent increase on 2010. Profit also grew significantly, up 63 percent on the previous year to $669m.

The company now sits at number 108 on the 2012 list of largest US companies. 

Rival distributors Ingram Micro and Synnex were also named in the top 500, coming in at 81 and 253 respectively.

Synnex echoed Avnet’s success, rising 28 spots as a result of a 21 percent jump in revenue to $10.4bn. Profit was also up 17 percent to $150m.

Ingram Micro fell six spots from its previous ranking of 75 to 81, corresponding with a 23 percent drop in profit to $244m. Revenue rose five percent to $36bn.

Avnet’s fiscal success in 2011 earned it a mention as Fortune’s most admired in the electronics wholesaler category, for the fourth straight year. 

"We are proud that our long-term, disciplined approach to profitable growth, both organically and through value-creating acquisitions, is reflected in our 2012 ranking," Avnet CEO Rick Hamada, said in a statement.

"Avnet's continued rise on the FORTUNE 500 list is a direct result of our team's commitment to accelerating the success of our valued customer and supplier partners around the globe."

 
Follow us on Facebook and Twitter
 

Copyright © CRN Australia. All rights reserved.

Fortune 500 reveals richest disties
 
 
 
 
 
Top Stories
Dicker Data pulling in $100 million a month
Beats sales projections in first quarter.
 
Evernote finds new allies in Aussie business push
Certifies first Australian consultants as local users reach 2 million.
 
Adelaide ISV rebrands after cracking $2m
Meet the new Adelaide Interim.
 
Sign up to receive CRN email bulletins
   FOLLOW US...
Polls
Is Microsoft right to limit the reseller channel for Surface?

Latest Comments
CRN Magazine

Issue: 332 | October 2014

CRN Magazine looks in-depth at the emerging issues and developments for the channel, and provides insight, analysis and strategic information to help resellers better run their businesses.