Ingram Micro reports solid results - PC Retail

Ingram Micro reports solid results

Distributor sees an 12 per cent quarterly increase in global sales
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Ingram Micro has revealed its financial results for the third quarter, with global sales decreasing by 11 per cent over the previous year, but increasing by 12 per cent over the previous quarter.

Net income for the quarter was $42.3 million, compared to $46.4 million in the same period of 2008.

The distributor has attributed the results to improving demand, stronger non-US currencies and a proactive marketing campaign.

“As we enter the final weeks of the year, we’re optimistic about the budding recovery and the potential firming of IT demand,” commented Ingram Micro’s CEO Gregory Spierkel in a phone briefing. “For the fourth quarter we expect year over year sales declines to be reduced to single digit percentages, supported by improved demand and our emphasis on proactive customer management.

“We look to the new year with renewed energy, a winning attitude and a sense of excitement for the future. There is more work to do, but the mood has brightened. We’ve made the necessary changes. We’ve engaged in appropriate strategy and we’re ready to win. While a stronger economy will certainly provide a welcome tail wind, we’re not waiting for recovery to deliver better performance. We’re making it happen now.”

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