The Channel logo

News

By | Team Register 21st March 2005 11:27

Ingram confident on Q1

Seasonally normal despite soft pockets

Ingram Micro has reaffirmed its guidance for its first quarter which finishes April 2. The distribution giant expects sales to come in between $7bn and $7.2bn, generating net income of $47m to $50m.

This range reflected historical norms, Ingram said, even excluding its recent Tech Pacific buy and despite “pockets of increased competition and economic softness in specific markets.”

Ingram’s sales in the fourth quarter were $7.45bn, 10.2 per cent up on the year. Net income was $79.2m compared to $46.4m the previous year. The fourth quarter figures received a boost from the dollar's weakness, and presumably the first quarter figures should get a similar fillip.

Related stories

Vodafone signs big distie deals
Currency effects boost Ingram Q4
Ingram Micro unites Europe

alert Send corrections

Opinion

Merlin Data Center Interior

Trevor Pott

Enterprises want them, but they're still a pain in the ASCII
WWI French tank picture via Shutterstock
Vinod_Khosla

Chris Mellor

A VC with startup agenda slams established suppliers. Surprised? Neither were we
ZenPad_RealRacing

Features

Eclipse image via Shutterstock
The Azure Portal: Microsoft is betting on cloud for its future business
container_ship_hamburg_shutterstock_648
Michael Dell. Pic by Joi Ito
Cool Texas dude is just your average billionaire