The Channel logo

News

By | John Oates 25th July 2008 10:44

Ingram's second quarter cheers

But predicts tough third quarter

Super distie Ingram Micro increased sales to $8.82bn for the quarter ended 28 June 2008 compared to $8.19bn for the same period last year.

Sales were helped by a six per cent improvement in currency exchange rates. Net income in the second quarter was $58.9m, compared to $52.4m last year.

Ingram spend $5.5m on reducing costs in the quarter.

US sales made up 40 per cent of the total, Europe, Middle East and Africa contributed 33 per cent, and Asia Pacific brought in 22 per cent of the total. Latin America provided the remaining five per cent.

For the third quarter Ingram expects "macro-economic softness to continue". The company hopes to make sales of between $8.5bn and $8.8bn and net income of $52m to $61m.

It predicts solid growth in Latin America with more modest growth in the rest of the world. But it expects the cost-cutting programme to begin to bring in benefits in the next three months. ®

alert Send corrections

Opinion

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club