A slowdown in tech spending? That's not the case at Ingram Micro
Revenue increased 15% to $7.51 billion, with net income up 24% to $72.4 million, or $0.41 per share. The company's investments in global markets are starting to pay off. For example, Asia-Pacific revenue increased a sizzling 36% to $1.86 billion. Over the past year, operating income increased from 1.25% of revenue to 1.29% of revenue. In a sector with razor-thin margins, this is a big accomplishment. Then again, Ingram has been disciplined about its costs and is getting benefits from its economies of scale.
Ingram is also continuing to forge key alliances. An example is a recent deal with Best Buy
Something else that's impressive is that Ingram finds ways to innovate despite its large size. For example, the company recently announced a couple of social-networking sites -- a la Facebook -- for its solution-provider partners to bring improved communication and more business.
Ingram has lots of opportunity to leverage its massive global infrastructure. And as seen with the recent positive earnings reports from Microsoft
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