Ingram Micro profits up despite Covid hit

Ingram Micro reported a 'solid' second quarter ended 27th June despite witnessing a $1bn-plus annual drop in sales, partly due to the ongoing pandemic. 

But operating profit jumped from $156m to $206m, and net profit stood at $142m. 

The company said it delivered a 'robust performance' in the Technology Solutions and Commerce & Lifecycle Services business segments. 

Worldwide quarterly sales came in at $10.48bn with a gross profit of $821m, or 7.83% of sales. At the same time last year, Ingram reported sales of $11.53bn and a gross profit of $809m.

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