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Arrow Electronics, Inc. reports developments tied to its role as a technology solutions provider for manufacturers and service providers. The company operates through Global Components and global enterprise computing solutions, with recurring updates on revenue, earnings, margins, guidance, gross billings and segment activity.
Company news also covers Arrow’s engineering and digital service offerings, including remote hardware evaluation through Digital Test Drive, customer-facing procurement and engineering workflows on arrow.com, and technical initiatives for vehicle electrical and electronic architecture. Other updates include earnings calls, investor presentations, and customer-support capabilities across component selection, design engineering, integration and supply chain services.
Arrow Electronics (ARW) has been appointed as a VMware Cloud Commerce Manager for the VMware Cloud Service Provider (VCSP) program in North America. This expansion allows VCSP partners in the U.S. and Canada to access VMware Cloud Foundation through Arrow's services.
Through this agreement, Arrow will manage orders and monthly billing for VCSP partners, while providing technical and go-to-market support for cloud migration. The company will deliver VMware Cloud Foundation via its ArrowSphere platform, offering partners immediate access to personalized assistance, training programs, and certified resources.
This appointment follows Arrow's November designation as a VMware solutions provider in North America. The company now supports VCSP partners across the U.S., Canada, and 19 European countries.
Arrow Electronics (NYSE:ARW) reported fourth-quarter and full-year 2024 results, with Q4 sales and earnings exceeding guidance. Q4 sales decreased 7% year-over-year to $7.28 billion, while full-year 2024 sales declined 16% to $27.92 billion. Q4 earnings per share reached $1.86 (GAAP) and $2.97 (non-GAAP).
The Global Components segment saw Q4 sales decrease 15% to $4.81 billion, while Global Enterprise Computing Solutions (ECS) segment sales increased 12% to $2.47 billion. The company generated over $1.1 billion in cash flow from operations and reduced inventory by $1.1 billion. Arrow returned $250 million to shareholders through stock repurchases.
For Q1 2025, Arrow forecasts consolidated sales between $5.98-6.58 billion and expects diluted EPS of $0.98-1.18 (GAAP) and $1.30-1.50 (non-GAAP).
Clarifai has announced a strategic partnership with Arrow Electronics (NYSE:ARW) to accelerate AI adoption across industries. The partnership establishes Arrow as Clarifai's official commercial distributor, leveraging Arrow's global distribution network to deliver end-to-end AI capabilities.
The collaboration will integrate Clarifai's advanced AI models and platform into Arrow's ecosystem, providing businesses with access to AI solutions for computer vision, natural language processing, and data labeling. Companies can utilize Clarifai's Compute Orchestration capabilities to optimize resources across cloud or on-premises environments.
Arrow will distribute Clarifai's AI solutions across various sectors, including manufacturing, healthcare, retail, and financial services. The partnership aims to streamline procurement processes and enable organizations to implement AI technology more efficiently. Clarifai's platform allows businesses to build and orchestrate AI workloads across any hardware provider, cloud provider, on-premises, or air-gapped environment.
Arrow Electronics (NYSE:ARW) has maintained its leadership position in FORTUNE's World's Most Admired Companies list, ranking first in the 'Wholesalers: Electronics and Office Equipment' category for the 12th consecutive year. This achievement marks Arrow's 25th appearance on the prestigious listing, which is compiled based on feedback from more than 15,000 executives, directors, and financial community members.
The company demonstrated exceptional performance by leading across all nine key attributes evaluated: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.
Arrow Electronics (NYSE:ARW) has maintained its leadership position in FORTUNE's World's Most Admired Companies list, ranking first in the 'Wholesalers: Electronics and Office Equipment' category for the 12th consecutive year. This achievement marks Arrow's 25th appearance on the prestigious listing.
The ranking is determined through a comprehensive evaluation process involving input from more than 15,000 executives, directors, and financial community members. Companies are assessed across nine key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products/services, and global competitiveness.
Arrow Electronics (NYSE:ARW) has announced it will host a conference call to discuss its fourth-quarter and full-year 2024 financial results on February 6, 2025, at 1:00 p.m. ET. The company will provide a live webcast through their investor relations website, with a replay available for one year afterward.
Arrow Electronics, which reported global sales of $33 billion in 2023, specializes in sourcing and engineering technology solutions for manufacturers and service providers across major industries and markets.
Arrow Electronics (NYSE:ARW) has appointed Lawrence (Liren) Chen to its board of directors, expanding the board to 10 members. Chen, who currently serves as president, CEO, and board member of InterDigital, will also join Arrow's audit committee. He brings extensive experience from his nearly 25-year tenure at Qualcomm, where he last served as senior vice president and global head of IP, legal counsel. Chen's expertise spans technology, business strategy, product management, and global ecosystem development. He is also a member of the U.S. Chamber of Commerce China Advisory Committee and the Council for Inclusive Innovation of the U.S. Patent and Trademark Office.
Arrow Electronics has signed a new agreement with Broadcom to distribute VMware solutions in the U.S. and Canada. The partnership enables Arrow to deliver VMware private cloud infrastructure solutions through its ArrowSphere platform, including VMware Cloud Foundation, vSphere Foundation, vSAN, and vSphere Standard. Channel partners will receive immediate access to Arrow's personalized assistance, training programs, and certified resources. Arrow will also provide specialized services, sales engineering, and technical support capabilities for VMware solutions as an extension of Broadcom support.
Arrow Electronics is leading an initiative to integrate smart home technology into affordable housing through a partnership with Habitat for Humanity in Aurora, Colorado. The Mountain View Community Homes project will feature 20 homes equipped with smart devices aimed at reducing energy consumption, enhancing security, and conserving water. Resideo is contributing Honeywell Home and First Alert solutions, while Rachio is providing smart sprinkler controllers. SiliconLabs is supplying tablets pre-loaded with control apps and components. Arrow employees have contributed nearly 600 volunteer hours to the development.
Arrow Electronics has enhanced its AI-powered ArrowSphere Cloud platform with new capabilities allowing channel partners to create custom AI assistants. These assistants leverage partners' own data, workflows, content, and vendor-specific information to improve efficiency and reduce costs. The platform now includes hundreds of ready-to-use cases and prompts, designed to accelerate customization and enhance go-to-market strategies. ArrowSphere Assistant, launched in March 2024, helps users address critical aspects of cloud business including FinOps, SecOps, and sustainability. The enhanced AI capabilities are currently available in release to ArrowSphere users.