PCR Tech and IT retail, distribution and vendor news
Ingram Micro, the world’s largest IT distributor, achieved $8.82 billion in sales during Q2 – its seventh consecutive record breaking quarter.
The figure represents eight per cent growth and is the most lucrative Q2 the firm has ever recorded.
The net-income for the period landed at $58.9 million, or $0.35 per diluted share.
The Europe, Middle East and Africa region accounted for $2.96 billion (33 percent of total revenues) versus $2.78 billion in the year-ago period, an increase of six percent.
Looking forward, the firm expects to achieve sales between $8.5 to $8.8 billion in Q3.
"We’re pleased to deliver results that exceeded our guidance for the quarter, especially considering the context of the current economic climate," said Gregory Spierkel, chief executive officer at Ingram Micro.
"Despite increasingly competitive markets, we were able to achieve the highest second-quarter gross margin in a decade through pricing discipline, growth in higher-margin business units and improvement in our business mix. We continue to benefit from our decisions to diversify our profit streams through fee-for-service models and adjacent technologies, such as logistics and data capture/point-of-sale."
