Ingram Micro Q3 Sales Up 15%By Jessica Davis | Print
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Asia-Pacific and Europe were particularly strong markets for the distribution giant during the quarter.Computing distribution giant Ingram Micro reported double-digit net income growth on strong sales for its third quarter.
The Santa Ana, Calif. company earned net income of $72.4 million or 41 cents per diluted share, a 24 percent increase over the same period a year ago.
Sales grew by 15 percent to $8.61 billion, from $7.51 billion for the same quarter last year. Ingram Micro said that the translation impact of stronger foreign currencies had a positive impact of about 5 percentage points on the comparisons to the prior year.
Spierkel noted that North America and Latin America operations both posted meaningful revenue growth, consistent with investments in expansion initiatives.