IT and consumer electronics reseller Harris Technology has revealed it has posted another record quarter of revenue growth.
Harris reported $10.4 million in revenue for the quarter ended March 31, 2021, up 206 percent from the same period last year.
Year-to-date revenue for the 2021 financial year has also reached $30 million, a 300 percent improvement from the $7.48 million posted in Q3 2020.
The company said the growth was due to continued demand for home office and IT products, as well as its new gaming category.
“Harris Technology is continuing its strong momentum which has delivered another record-breaking quarter. This is particularly pleasing in a traditionally quiet retail period,” Harris Technology chief executive Garrison Huang said.
Remote work trend continues to buoy Harris Technology s financials
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The Daily Chase: Turnaround for tech stocks; Inter Pipeline rebuffs Brookfield VIDEO SIGN OUT
Investors appear to be warming back up to tech stocks this morning after the Nasdaq slid into correction territory yesterday. Futures are pointing to gains for all the major North American indices, while the market-moving 10-year U.S. Treasury yield has slipped as low as 1.525 per cent today. On Bay Street, weâll keep a close eye on S&P/TSX Composite Index after Mondayâs choppy session that saw it fall short of a record close after earlier hitting an intraday all-time high.
INTER PIPE REBUFFS BROOKFIELD
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James Brumley is former stockbroker with a large Wall Street firm, and a former trading analyst for a small, options-based newsletter. After twenty years of professional experience in and around the market, his approach is one that combines fundamentals, sentiment, and common sense. It s also an approach that respects this John Keynes reality: The market isn t always rational. Follow @jbrumley
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