The Channel logo

News

By | Team Register 29th July 2005 14:06

Ingram Micro sales well up in Q2

Further growth in Q3

Ingram Micro’s numbers continued to swell in the second quarter, and growth is expected to continue into the second half of the year.

Revenues in the quarter ending 2 July were $6.8bn, up 20 per cent on the year. Net income was $41.7m, compared to $25.9m a year ago.

The distribution giant said the “strong” numbers were driven by “excellent operational execution”. However, the addition of the Tech Pacific operation to its Asia Pacific operation last year also played a big part – Asia Pacific sales were $1.2bn, up 115 per cent on the year.

Ingram expects the growth curve to continue into the fourth quarter, with sales of $6.8bn to $7bn, and net income of $48m to $53m. The third quarter numbers will include around 11 weeks worth of numbers from the AVAD home automation and consumer electronics operation Ingram is currently gobbling up.®

Related stories

Ingram Micro adds five firms
Ingram Micro improves software offers
Tech Data ' pales beside Ingram Micro' - CSFB
Ingram goes mooney over June quarter

alert Send corrections

Opinion

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world