Phoenics Electronics Reaches $106M in Sales
Phoenics Electronics, a fully franchised, technically supportive, stocking Distributor of semiconductor, board level and server solutions, today announced their market leading sales growth from 2015 to 2016. With revenues increasing from $54M in 2015 to $106M in 2016, while supporting over 300 customers, Phoenics is quickly on its way to becoming a Top 10 Distributor over the next few years.
With revenues increasing from $54M in 2015 to $106M in 2016, while supporting over 1,200 customers, Phoenics is quickly on its way to becoming a Top 10 Distributor over the next few years.
Phoenics currently stocks over $24,000,000 of inventory, and now offers local coverage on a global scale. Along with it's North American sales, Phoenics distributes to a growing range of countries, including but not limited to China, Japan, Taiwan, Thailand, Germany, England, Spain, Latvia, Mexico and Canada. Adding on to their warehouses in Mexico, Hong Kong and Singapore, they’ve also recently opened a warehouse in England. More detail is available on Phoenics’ website.
The company attributes their substantial growth to North American customers who need local design support with international logistics in EMEA and APAC. This coupled with Phoenics’ close manufacturing partners Cavium, Micron, Microsemi, Finisar, GE and Gigabyte, and their focus on market segments including Data Center, Security, Networking, Storage and Video have driven sales dramatically.
David Owens, Phoenics’ North American Sales Director states “Phoenics’ ability to work closely with our suppliers’ technical sales and logistical teams differentiate us from other distributors in the market. Phoenics is also staying ahead of the distribution curve by retaining high level Hardware and Software Applications Engineers, which significantly speeds up time of development for customers to get to production.”
Further, VMI programs have been extremely successful with multiple Contract Manufacturer (CM) locations, which span the globe from the US to Europe to Asia, where current programs range from $3M+ to $30M+.
“Our focus on logistical efficiency and deep hardware and software technical support is allowing customers to get to production faster than they would by themselves. We are adding tremendous value for our customers while they look to grow and succeed in their respective market spaces,” says Peter Rooks, President and CEO of Phoenics.
Phoenics’ continued growth plans include projected sales of $120M in 2017.
For additional information please contact Phoenics Electronics at www.phoenicselectronics.com
Phoenics Electronics, based in Acton, MA, is a fully franchised distributor of semiconductor, board level and server solutions that provides engineering design support, holds significant amounts of inventoried product and supports customers with a responsive, friendly and experienced inside sales team. With thirteen years of consistent and pronounced financial and operational growth, Phoenics’ goal is to be the logistical and design-support centerpiece for both our Customers and Suppliers.