PC distributor Ingram Micro yesterday announced a 40 per cent increase in first quarter earnings, underlining its position as the biggest PC distributor in the world.
Profits leapt from $40.4 million in last year's Q1 to $56.5 million, on sales up 41 per cent to $5.15 billion.
Shares in the company have more than doubled in value over the past two years since it went public. Last fiscal year?s profit increased by 50 per cent to $193.6 million.
Keen to retain its number one position, the company has launched a chain of computer assembly plants, which finish off half-made PCs from suppliers such as IBM and Compaq, as customer orders are received. The first plant, in Memphis, Tennessee has a potential output capacity of two million PCs per year. The company is expected to build a further four manufacturing plants around the world.
It faces strengthened competition as the global distribution market consolidates around the three US giants - its main rivals, Tech Data and CHS, both recently made major acquisitions in Europe.
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