This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
By this, I mean further reducing low-margin resale revenue and driving a higher level of services, including those directly associated with AI and automation. Our results continue to be impacted by the year-to-year decline of resale revenues, which was 90 basis points of the 4.5% We're a publiccompany. year to year.
Cloud infrastructure and IT outsourcing organic revenue declined 7%, an improvement from double-digit declines we saw in the prior three quarters due to a significant resale transaction delivered in the quarter. Modern Workplace organic revenue declined year to year in the mid-teens impacted by resale revenue, which was down 30%.
And historically, long ago, Horton was a fairly significant acquirer of publiccompanies and other private companies, and still here and there. Obviously, resale inventory was incredibly tight. It's continued to play into the shortness of resale inventory across our markets and don't expect a significant change for us.
Industrial resales were 962 million. In fiscal '24, we expect industrial resales to be down low single digits year on year. And when we simply look at their balance sheets for the publiccompanies, inventory is pretty elevated, particularly on the networking side. The Motley Fool recommends Broadcom.
million annual resale transactions in time. Agent retention remains high as our principal agent quarterly retention was 97%, a number we have consistently reached since becoming a publiccompany in April 2021. And in Q3, we saw the second highest agent retention quarter as a publiccompany. million to 5.5
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content