Avnet Q4, FY 2020 Sales Slip From Prior Year

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year ended June 27, 2020. Fiscal Fourth Quarter Key Financial Highlights: Sales of $4.2 billion, compared with $4.3 billion in the previous quarter and $4.7 billion in the prior year quarter. GAAP diluted earnings per share from continuing operations of $0.53, compared with loss per share of $0.33 a year ago. Non-GAAP adjusted…

Supplyframe Helps Power EDOM Digital Transformation

Supplyframe today announced an agreement to digitally transform EDOM Technology, a leading semiconductor and component distributor in Asia, for greater agility, resilience and sustainable growth. This effort marks the first time a major semiconductor distributor based in Asia will embrace digital transformation and leverage the effort for international expansion. Digital transformation has become a business…