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General

Ingram Micro plans more cost reductions, steady sales growth

Friday 14 February 2014 | 10:19 CET | News
Distributor Ingram Micro reported fourth-quarter sales at a record USD 11.8 billion, up 4 percent from a year earlier. The gross margin improved to 6.00 percent from 5.81 percent, and operating profit rose to USD 173 million form USD 168 million a year ago. The net profit improved to USD 112 million or 71 cents per share, from USD 101 million or 66 cents a share a year ago. Operating cash flow improved strongly, to USD 466 million over the full year from USD 46 million in 2012. Ingram Micro said it was balancing revenue growth with margin improvement, in line with its 2015 targets. It

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Categories: General
Companies: Ingram Micro
Countries: World
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