Story image

Solid results for Arrow ECS post Distribution Central buy

16 Oct 2017

Arrow ECS New Zealand has recorded solid results for the six months to 31 December.

The latest financials for the distributor, previously known as Distribution Central, show revenue from sales of good of $13.2 million for the six month period and profit before income tax of $634,927.

Profit after income tax was $456,523.

In the 12 months to 02 July 2016 the company logged revenue of $21.4 million, with profit after tax of $720,507.

The latest financials show Arrow ECS New Zealand’s net assets have been bolstered significantly in the past six months, jumping from $2.7 million last June to $3.2 million, with both total assets and total liabilities up.

The results cover Arrow ECS New Zealand as an individual entity. The company, which distributes primarily security, networking, storage and unified telecommunications systems, has moved from a 30 June reporting date to 31 December, resulting in the six month results.

Distribution Central was acquired by United States based distributor Arrow ECS in March 2016, creating a $500 million Australian and New Zealand distributor.

The deal provided Distribution Central with new scale and access to Arrow’s substantial global portfolio of vendors, which it previously hadn’t be able to handle because of the resources required to support them.

Integration of the two companies was completed last October.

The latest results show vendor rebates of $16,735 among the distributor’s current assets, along with prepayments of $125,499.

How Adobe and ServiceNow aim to advance customer experience management
“Together, ServiceNow and Adobe will help enable seamless digital workflows that power the experiences customers want.”
Adobe opens up marketing opportunities with Roku
Adobe and streaming TV platform Roku are now offering Adobe customers the ability to precisely target consumer audiences moving to over-the-top content (OTT).
Adobe Summit kicks off the future of customer experience in Las Vegas
“Today, at Adobe Summit, we unveiled significant new capabilities in Adobe Experience Cloud, including the introduction of Adobe Commerce Cloud and Marketo Engage, and general availability of Adobe Experience Platform.”
Ruckus releases new switch for 100GbE edge-to-core networks
Enables multi-gigabit networks with pay-as-you-grow model suitable for education, government and enterprise environments.
‘Buy-now-pay-later’ taking consumer markets by storm
A new survey shows that young people are embracing this new method of purchasing, with over 1.5 million users in the last year in Australia alone.
Aerohive achieves ISO/IEC 27001 cloud platform certification
Aerohive is the first cloud-managed networking vendor recognized by a global standard for commitment to information security management systems.
Five things MSPs need to keep in mind in 2019
A Datto APAC channel exec outlines the most important factors for MSP to being paying attention to in the coming year.
VMware allures APJ channel veteran to take the reins
Balasingam will take on the role of vice president for VMware’s partner business in Asia Pacific and Japan (APJ).