Ingram Micro fourth quarter revenues exceed US$10B

The company also released annual sales figures for 2007, which reached US$35.05 billion, a 12 percent increase over 2006.

“I’m pleased with the progress we made in 2007, both for the fourth quarter and the fiscal year,” said Gregory Spierkel, chief executive officer at Ingram Micro. “Our record sales and net income results were driven by operational improvements and long-term strategic investments in our four market-leading regional operations.”

The positive result has boosted estimated growth figures for 2008. Ingram Micro expects revenues for the first quarter to increase from US$8.75 billion to US$9 billion and net income to grow from US$63 million to US$71 million.

Spierkel claimed that the figures are in fact modest, as they have taken into account the possibility of economic decline in the United States and Europe.

“We believe our outlook is solid in light of concerns about the worldwide economic environment,” said Spierkel. “We are experiencing some softness in Europe and North America, which is reflected in our guidance, but Asia-Pacific and Latin America remain strong."

Locally, revenue figures for APAC represented US$1.94 billion or 19 percent of total revenues. Spierkel is confident of continued growth in this region.

“Our strategic investments are an advantage in this environment by providing geographic, market-segment and business-model diversity. Our focus during the quarter will be on tightly managing expenses while continuing to cultivate areas that will drive growth,” said Spierkel.

“I’m confident that our team will continue to perform, as we have proven our ability to excel in challenging markets.”