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July 24, 2014
16:34 EDTIMIngram Micro reports Q2 EPS 54c, consensus 52c
Reports Q2 revenue $10.91B, consensus $10.58B. North America and Europe revenues benefited from robust mobility distribution sales, strong sales of networking products and an uptick in demand for systems products, including PCs. Latin America revenue growth was driven by strong sales of advanced solutions in Brazil and strength in tablets in Mexico. Strong revenue growth in North America, Europe and Latin America was partially offset by declines in Asia Pacific driven primarily by lower handset sales in Indonesia and continued sales weakness in China related to lower sales of tablets and softer demand for some of the products and vendors the company carries. Gross margin and non-GAAP operating margin grew respectively by 3 and 2 basis points year-over-year, benefiting from a better overall mix of higher value business, which more than offset lower margin volume growth in consumer and retail markets in Europe and new mobility distribution wins in North America.
News For IM From The Last 14 Days
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November 28, 2014
09:17 EDTIMIngram Micro announced binding offer for acquisition of ANOVO
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November 20, 2014
07:19 EDTIMUBS to hold a conference
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