Arrow CEO hails shift from hybrid cloud to home office in Q1 figures

Arrow CEO Michael Long says its Enterprise Computing Solutions divison (ECS) successfully shifted its business from hybrid cloud to home working solutions as it posts figures for its first quarter of 2020. Revenues for the wider Arrow Electronics group decreased by 11 per cent year on year to $6.38bn (€5.88bn), while net income plummeted 64.5 per cent to $50m (€46.09m). Long pointed the finger at "the unprecedented challenges associated with the COVID-19 pandemic." "I am grateful to ...