Arrow Electronics Inc.
operating unit, Arrow Enterprise Computing Solutions, has recently
announced the launch of its latest cloud service aggregation and
brokerage portal, ArrowSphere. The newly introduced platform is
particularly designed for aggregating, merchandizing and delivering
cloud-related services to the system integrators, autonomous
software dealers and IT service providers in Europe.
ArrowSphere through its improved business solutions will help
its value-added European reseller partners to sell several
aggregated cloud-related services which include infrastructure-,
platform-, storage- and software-as-a-service solutions. Arrow via
its platform would assist its clients to use 60 cloud-based
services, white-label web stores, and centralized payment services.
In addition, the new portals will also provide secured
single-sign-on solutions to its customers.
Besides, there is huge scope for the company to earn additional
revenue through this newly launched cloud-related portal.
Management stated that ArrowSphere through its service channel
would help ameliorating the demand of cloud-based services within
the coming five years.
Arrow's comprehensive range of products and services helped it
become a leading global distributor of electronic components and
computer products. Earlier, the company's Global enterprise
computing solutions reported revenues of $1.54 billion in the first
quarter of fiscal 2012, surging 14.9% from the year ago quarter.
The annual rise was attributable to strength in sales from the
American and European regions.
Arrow pertains to an industry, where ominous competition is
prevalent. Hence, the company should stay cautious of big players,
Richardson Electronics Ltd.
Anixter International Inc.
) in the industry.
The current Zacks Consensus Estimates for the second quarter of
fiscal 2012 and for fiscal 2012 are $1.14 and $4.74, respectively.
The company currently retains a Zacks #3 Rank, which translates
into a short-term "Hold" rating. We are also maintaining a
long-term "Neutral" recommendation on the stock.
ARROW ELECTRONI (ARW): Free Stock Analysis
AVNET (AVT): Free Stock Analysis Report
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RICHARDSON ELEC (RELL): Free Stock Analysis
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