Ingram Micro Result 29/10/2015

Ingram Micro reported Q3 net profit of $65 million, a 10% decline YoY from $72 million. Turnover was down 6% YoY at $10.5 billion from $11.2 billion. For the 9 month period, net profit was $73.9 million, nearly half of the previous year’s 9 month period. Turnover was flat for the 9 month period at $31 billion compared to $32 billion YoY. Currency losses due to a stronger US$ contributed to declines in turnover as well as profitability, while the cloud business doubled in sales.