Ingram Micro announced its fourth quarter and full year financial results for fiscal year ended on December 30, 2017. Net sales for Q4 2017 were $13.78 billion, an increase of 13%, compared to $12.24 billion in Q4 2016. Net income for Q4 2017 was $55.5 million, compared to net loss of $34.6 million in Q4 2016.
Net sales for fiscal 2017 were $46.6 billion, an increase of 13%, compared to $41.9 billion in fiscal 2016. Net income for fiscal 2017 was $198.9 million, an increase of 98.1%, compared to $100.4 million in fiscal 2016.
The company said that the revenues were increased due to strong global demand in all business lines and continued strategic investments in the technology solutions, commerce and lifecycle services and cloud.
