This is normal change in life and I think on and on analysis Europe has served our citizens very, very well, the contribution Europe has made to British success in business - tremendous.

BBC: News Online

While Q1 is typically our weakest revenue quarter, the actual sequential revenue decline we experienced this year was more than normal seasonality due primarily to the double-digit sequential revenue declines experienced in our EMEA region at both operating groups after adjusting for the impact of acquisitions and currency.

FORBES: Avnet FY Q1 Revs In Line; EPS Slightly Light; Strong Guidance