Avnet, Inc. AVT, a global technology distributor, today announced that it ranked No. 430 on the 2015 FORTUNE Global 500, an annual list of the world's largest corporations. Based on Avnet's $27.5 billion in revenue in fiscal year 2014, the company moved up 44 places from No. 474 previously. Avnet was the only Phoenix-headquartered company named to the list.
"Avnet's rise on the FORTUNE Global 500 directly reflects the dedication of our employees in accelerating the success of our customers around the world," said Rick Hamada, CEO of Avnet, Inc. "This recognition also underscores Avnet's powerful combination of local market knowledge and global scale, which allows us to serve customers efficiently wherever they do business today while also helping them capitalize on opportunities for future growth."
Companies on the FORTUNE Global 500 are ranked by total revenues for their respective fiscal years. For more information, or to see the entire list, please visit: http://fortune.com/global500/.
Avnet's placement on the FORTUNE Global 500 follows this year's earlier ranking as No. 108 on the FORTUNE 500 list of the largest U.S. companies, as well as recognition by FORTUNE as one of the World's Most Admired Companies.
Follow Avnet on Twitter: @Avnet
Connect
with Avnet on Facebook or LinkedIn: http://www.facebook.com/AvnetInc
or http://www.linkedin.com/company/avnet
Read
more about Avnet on its blogs: http://blogging.avnet.com/
About Avnet, Inc.
Avnet, Inc. AVT, a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners' success by connecting the world's leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 28, 2014, Avnet generated sales of $27.5 billion. For more information, visit www.avnet.com.
All company and product names may be trademarks of the respective companies with which they are associated.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150729005421/en/
Brodeur Partners for Avnet, Inc.
Marcia Chapman, 480-308-0284
mchapman@brodeur.com
or
Avnet,
Inc.
Joal Redmond, 480-643-5528
Vice President, Public
Relations
joal.redmond@avnet.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.