Avnet’s Q2 Sales Drop 4.6%

Avnet Technology Solutions, the enterprise technology business of Avnet Inc., reported a 4.6% year on year drop in turnover in Q2 to $3.1 billion. By region, sales in the Americas were little changed YoY at $1.8 billion but in EMEA and Asia, sales fell 8.5% and 13.4% respectively to $856.8 million and $409 million. Last month, Avnet appointed Patrick Zammit as president of of Avnet Technology Solutions.