Feeds

Currency effects boost Ingram Q4

Revs up on swings and roundabouts

  • alert
  • submit to reddit

Providing a secure and efficient Helpdesk

The weakened dollar helped Ingram Micro boost its margins in the fourth quarter, the distributor’s latest results show.

Ingram’s sales in the fourth quarter were $7.45bn, 10.2% up on the same period the year before. The figures included $400m from the Tech Pacific operation it acquired in November last year.

European sales increased 8% to $2.99bn, driven by “strengthening European currencies”. In local currencies, sales were flat on an “extraordinarily strong” previous year.

Net income was $79.2m, including benefits of $19.3m, mainly related to currency hedging on its Australian dollar purchase of Tech Pacific. The previous year, it had net income of $46.4m, which included $8.7m of major-program costs associated with its profit enhancement program.

For the full year, sales were $25.5bn compared to $22.6bn the previous year, with the strengthening of the European currencies accounting for 4 per cent of the increase. Full year net income was $219.9m, compared to $149.2m the previous year.

Ingram said it expects solid demand in the first quarter, with sales coming in between $7bn and $7.2bn, and net income of $47m to $50m.

®

Related stories

Ingram Micro unites Europe

Ingram buys Aussie distie for $493m

Ingram Micro sales solid

Security for virtualized datacentres

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Special pleading against mass surveillance won't help anyone
Protecting journalists alone won't protect their sources
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Radio hams can encrypt, in emergencies, says Ofcom
Consultation promises new spectrum and hints at relaxed licence conditions
Bill Gates, drugs and the internet: Top 10 Larry Ellison quotes
'I certainly never expected to become rich ... this is surreal'
Big Content Australia just blew a big hole in its credibility
AHEDA's research on average content prices did not expose methodology, so appears less than rigourous
EMC, HP blockbuster 'merger' shocker comes a cropper
Stand down, FTC... you can put your feet up for a bit
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.