Ingram Micro announces financial results for 2010

Technology distributor and supply-chain services provider Ingram Micro has announced financial results for the 2010 fourth quarter and full fiscal year ended 1 January 2011.

Worldwide sales for the fourth quarter were $9.9bn (£6.2bn), an increase of 12 per cent compared with $8.8bn in the fourth quarter of the prior year.

For the full year, worldwide sales increased 17 per cent to $34.6bn from $29.5bn last year.

Net income for the fourth quarter grew to $115m or $0.71 per diluted share, compared to net income of $107m or $0.64 per diluted share in the same period of 2009.