Ingram confident on Q1
Print storySeasonally normal despite soft pockets
Posted in IT Channel, 21st March 2005 11:27 GMT
Free whitepaper – Business risk of a lost laptop
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
Solving on-premise email challenges with on-demand services
The business case for application security
Reducing messaging and web security costs with managed services
Avoiding 7 common mistakes of IT security compliance
Sign up, sign up for The Register IT security newsletter
Former top Sun exec mourns end of a franchise
Win an HTC Touch Diamond2!
Disties braced for autumn reseller collapses