Distribution giant shows strong profit

Distribution giant shows strong profit

Ingram Micro is currently on a roll with its first-quarter global sales revenues showing 8% growth on the same period last year. Total revenues were US$7.6 billion. Quarterly profits jumped an impressive 45% to US$61.7.

The company’s Asia-Pacific operation played an important role in the overall result with revenues climbing 12% to US$1.33 billion or 17% of the worldwide total.

In a press statement, Ingram CEO Greg Spierkel said, “We entered the year with strong momentum from our successes in 2005. Sales and net income exceeded the guidance we issued in February and every region generated operating margins exceeding 100 basis points.

“We continue to benefit from our efforts toward optimisation and differentiation — sales were solid in every region, cost control was excellent and our recent expansions into consumer electronics and services are contributing to results.”

Ingram says it expects to continue its growth and achieve revenues of between US$7.15 billion and US$7.35 billion in the current quarter. While this may be a fall in terms of quarter-on-quarter revenue, the company traditionally has weaker results in its second and third quarters and the forecast represents year-on-year growth.

Ingram Micro is the world’s largest distributor of computer and electronic products.

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