Ingram Micro lifts margin, profit in Q3

Friday 28 October 2016 | 10:13 CET | News
Ingram Micro reported third quarter revenues down 3 percent from the year earlier to USD 10.2 billion, pulled down by negative forex effects and a one-off gain last year of nearly USD 120 million, skewing comparison. The gross margin meanwhile went 69 basis points higher year-over-year to 7.0 percent, on the back of a better mix of higher value sales, including increased contribution from services, as well as from recent acquisitions. The operating profit rose to USD 137 million or 1.34 percent of revenue, from 119 million or 1.14 percent. Earnings per share lifted to USD 0.52 from 0.42.

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Categories: General
Companies: Ingram Micro
Countries: World
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