Ingram Micro gains market share and sees higher margins in Brazil in Q4

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Monday, February 17, 2014

US IT hardware and services wholesaler Ingram Micro (NYSE: IM) gained market share and saw higher operating margins in its Brazilian operation during the last quarter of 2014, CFO Bill Humes said in a conference call with investors.

"In Brazil, we continue to take share and add new product lines, while driving a better mix of advanced solutions resulting in further expanding growth in operating margins for the country," Humes said.

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"Mexico, Brazil, Miami Export and Chile all contributed double digit, year-over-year revenue improvement. Our Mexico business benefited from strong sales of gaming products, new line card additions and robust demand in the SMB market," Humes added.

Humes also said that the firm's Miami export business had strong sales of tablets, smartphones and other consumer electronics and networking products.

The company posted Q4 net sales of US$682mn in Latin America, up 13.1% from US$603mn in the year-ago quarter.

In Latin America, Ingram Micro has offices in Argentina, Brazil, Chile, Mexico, and Peru.​