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Investments in new solution opportunities such as cloud computing and tablet PCs gave Ingram Micro its best third quarter revenue since 2007, said Greg Spierkel, CEO of the Santa Ana-based distributor Thursday.
Spierkel, speaking to CRN after the release Thursday of Ingram Micro's third quarter 2010 financial report, said that solid demand for technology plus improved relationships with vendors and customers lead to double-digit growth worldwide for the company.
Ingram Micro on Thursday reported revenue for its third quarter, which ended October 2, of $8.5 billion, up 14 percent compared to the $7.4 billion it reported for the third quarter of 2009.
The company also reported income of $56 million, or 41 cents per share, up about 60 percent from the $42.3 million, or 25 cents per share, it reported last year.
Ingram Micro's healthy growth in revenue and profits had only one downside, Spierkel said. "The numbers will be challenging to meet in the future because everybody's saying last year was an easy quarter to compete against," he said.
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