PC boom boosts Ingram's top line in Q2

Profit remains flat for global distie

Surging demand for PCs and mobility kit across Europe and North America helped Ingram Micro post record second-quarter sales this year.

For the three months to 28 June, the global distribution giant saw its total revenue jump six per cent year on year to $10.9bn (£6.41bn) - a Q2 record. Non-GAAP net income remained flat compared with a year ago at $86m.

The firm said "robust" sales of mobility and networking kit in North America and Europe were behind the rising revenue, as well as an uptick in demand for PCs as businesses looked to refresh their estates.

In April this year - at the start of Ingram's Q2 - Microsoft ended support for Windows XP, prompting a flurry of upgrades across the industry.

Ingram's chief executive Alain Monie said: "The global demand environment continued to improve and we remained disciplined in our approach to sales, while selectively making share gains.

"We are executing well across each of our business lines and I am pleased with our second-quarter results, which not only continue to show growth and increased profitability, but are also well aligned with the longer-term goals."

Starting last quarter, Ingram now organises its financial statements by region instead of by business unit. It said integration of various acquisitions makes it increasingly difficult to separate the units.

The distie's global growth was driven by strong growth in Europe and Latin America, both of which posted an annual sales spike of 13 per cent, taking their revenue figures to $3.4bn and $521m respectively.

North American revenue was up eight per cent over the same period to $4.61bn but the firm's total sales were dragged down by the Asia-Pacfic region, whose revenue slumped seven per cent to $2.8bn last quarter.