Arrow CFO: Data Center Demand, Improving End Markets Boosting Biz - Video - TheStreet

Arrow CFO: Data Center Demand, Improving End Markets Boosting Biz

Arrow Electronics beat Wall Street earnings estimates in the third quarter due to increased data center demand and greater efficiency in its components business, said the company's CFO Paul Reilly.
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Arrow Electronics beat Wall Street earnings estimates in the third quarter due to increased data center demand and greater efficiency in its components business, said the company's CFO Paul Reilly. Reilly added that on the components side the company not only reduced costs but it reinvested those savings by adding more sales staff and engineers. He said Arrow's aerospace/military business is seeing a slight uptick due to the escalating war in Syria, as well as a spike in private jet component orders. Finally, he said municipal and commercial LED lighting will be a big business for Arrow going forward.