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Hamada notes that adjusting for currency, Avnet expects top-line sequential growth of 4.2% for the electronics marketing segment, at the low end of the normal sequential improvement in the 4%-7% range.
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But eyewitnesses using sequential line-ups named fillers as criminals that is, they wrongly accused people who were definitely innocent three times more often than witnesses who looked at traditional line-ups.
ECONOMIST: A controversy over how to handle eyewitnesses
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During 700 or so real police investigations in Chicago, Evanston and Joliet, eyewitnesses using sequential line-ups were less likely to name the police's suspect, or anyone at all, as the criminal.
ECONOMIST: A controversy over how to handle eyewitnesses
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Combined with the cost reductions implemented, this top line growth resulted in sequential adjusted operating income growing four times faster than revenue and adjusted operating income margin increasing 95 basis points to 3.3%.
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Cognizant expects 4.6% sequential top-line growth in the second quarter.
FORBES: Cognizant Blames Softer Outlook On Banking, Pharma Slowing