PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (NYSE: 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.
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About Avnet, Inc.
Avnet, Inc. (NYSE: 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.
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