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Table of Contents
Sales
Items Impacting Year-over-Year Sales Comparisons
During the past three fiscal years, the Company acquired several businesses impacting both operating groups, as presented in the
following table. To facilitate easier and more meaningful year-over-
year comparisons, the discussions that follow include sales on a
pro forma basis as well as on a reported basis.
Fiscal 2011 Comparison to Fiscal 2010
The table below provides the comparison of reported fiscal 2011 and 2010 sales for the Company and its operating groups to pro
forma (or organic) sales (as defined previously) to allow readers to better assess and understand the Company’
s revenue performance
by operating group.
19
Approximate
Annualized
Acquisition
Acquired Business
Group & Region
Revenues
(1)
Date
(Millions)
Fiscal 2011
itX Group Ltd
TS Asia/Pac
$
160
January 2011
Center Cell
EM Americas
5
November 2010
Eurotone
EM Asia/Pac
30
October 2010
Broadband
EM Americas
8
October 2010
Unidux
EM Asia/Pac
370
July 2010
Tallard Technologies
TS Americas
250
July 2010
Bell Microproducts Inc.
EM & TS Americas
3,021
July 2010
TS EMEA
Fiscal 2010
Servodata HP Division
TS EMEA
$
20
April 2010
PT Datamation
TS Asia/Pac
90
April 2010
Sunshine Joint Stock Company
TS Asia/Pac
30
November 2009
Vanda Group
TS Asia/Pac
30
October 2009
Fiscal 2009
Abacus Group plc
EM EMEA
$
400
January 2009
Nippon Denso Industry Co., Ltd.
EM Asia/Pac
140
December 2008
Ontrack Solutions Pvt. Ltd.
TS Asia/Pac
13
July 2008
Horizon Technology Group plc
TS EMEA
400
June 2008
Source Electronics Corporation
EM Americas
82
June 2008
(1)
Represents the approximate annual revenue for the acquired businesses’
most recent fiscal year prior to acquisition by Avnet and
based upon average foreign currency exchange rates for those periods.
Acquisition/
Extra Week
2011 to 2010
Sales as
Divested
in
Pro Forma
Pro Forma
Reported
Revenue
Q1 FY10
Sales
Change
(Dollars in millions)
EM
$
15,066.2
$
44.9
$
—
$
15,111.1
21.9
%
TS
11,468.2
(188.5
)
—
11,279.7
11.3
Fiscal 2011
$
26,534.4
$
(143.6
)
$
—
$
26,390.8
17.1
EM
$
10,966.8
$
1,605.5
$
(174.3
)
$
12,398.0
TS
8,193.4
2,188.0
(243.5
)
10,137.9
Fiscal 2010
$
19,160.2
$
3,793.5
$
(417.8
)
$
22,535.9