Page 14 - It Amp Eos News Today

Tech distributor TD SYNNEX said revenue grew 194.9% in Q3 primarily due to the impact of the completion of the merger with Tech Data. Revenue rose to $15.4 billion for the three months ended 31 August, while adjusted operating margin was 2.6%, compared to 3.2% in Q3 2021. Adjusted operating profit came in at $398.3

China-based print giant Ninestar has been recognised for its environmentally friendly products. The company was recently presented with the 2022 Green Sustainable Development Contribution Award at the International Green Zero-Carbon Festival in Beijing. Ninestar was honoured as a key performer and contributor to helping economic transformation and upgrading, sustainable development, and creating a green, zero-carbon

Market research and data firm The NPD Group (NPD) has revealed that the B2B technology reseller channel saw strong growth in the first half of 2022, with year-over-year sales up 16% in the US. That momentum is expected to slow down in the second half to 3% but NPD is still forecasting 2022 will end

Shipping company FedEx has said it is taking “aggressive” cost reduction actions, including the closure of dozens of its FedEx Office outlets in the US. On 15 September, the shipping firm issued preliminary Q1 results and a trading outlook for its 2023 financial year that began on 1 April 2022. It said that first quarter

Technology distribution giant TD SYNNEX will plant trees on behalf of all global co-workers. As part of the company’s first anniversary celebrations, it has partnered with Treedom, a tree-planting platform that funds agroforestry projects, to create a TD SYNNEX forest. Treedom will plant a tree for each of TD SYNNEX’s 22,000+ employees around the world

Navigating the current tough macroeconomic environment has taken a toll on HP Inc’s quarterly results. Total Q3 sales were $14.7 billion, down 1.9% in constant currency from the prior-year period, while pre-tax profit dropped by $124 million to $1.2 billion. At HP’s Printing division, revenue came in at $4.6 billion, a drop of 5% in

The Japan Fair Trade Commission (JFTC) will not block the majority sale of Fujitsu’s PFU scanner business to Ricoh. In April, Ricoh agreed to acquire 80% of PFU – which has annual sales of around $1 billion – for $645 million. The transaction had been expected to close on 1 July but was delayed because

High-end consumer audio brand Bang & Olufsen has said that the enterprise market is a strategic focus area. The Denmark-based company has already partnered with the likes of Cisco and HP to cater to the growing audio needs of hybrid workers. Now, it has announced that a number of its products are to be certified

Office furniture accessories and ergonomic products supplier ABL has appointed its long-standing Production Director as Group Managing Director. Sreten Savkovic has been with ABL (formerly known as Accessory Bits) for more than 16 years. He helped the company’s founders set up the manufacturing unit in Serbia and was named as Production Director in 2007. In

Reported H1 2022 sales at European technology distributor ALSO were roughly in line with those of last year. For the first six months of 2022, the group generated revenue of €5.52 billion ($5.65 billion), 0.5% lower than in 2021. A 6.4% decline in supplies to €3.84 billion was more than offset by a 16.8% jump