Expanding its hybrid solutions portfolio for technology channel partners that serve midsized enterprises and small businesses, Ingram Micro Inc. was able to market with a new private cloud solution
Ingram Micro delivered record revenues and profits for the year FY 2018. It benefited from growth across all lines of business and a strong global demand. Its Indian revenue in 2018-2019 is estimated to have been approx USD 3,200 Mn.
The worldwide 2018 fiscal year sales were $50.4 billion, an increase of $3.8 billion, or 8% in USD. FY 2018 gross profit increased by $230 million to $3.2 billion, with gross margin of 6.30 percent. This compares to sales of $46.7 billion, gross profit of $2.9 billion and gross margin of 6.32 percent for the 2017 fiscal year.
For FY 2018, the non-GAAP operating income increased by more than $100 million to $730 million, or 1.46 percent of revenue, and non-GAAP net income for the 2018 fiscal year was up $80 million to $460 million. This compares to 2017 fiscal year non-GAAP operating income of $620 million, or 1.33 percent of revenue, and non-GAAP net income of $380 million.
The 2018 fiscal year GAAP operating income and net income were $550 million, or 1.09 percent of revenue, and $350 million, respectively, including: the pre-tax negative impact of $90 million in amortization expense and the pre-tax negative impact of $90 million in restructuring, acquisition and transition costs primarily related to a global reorganization program executed during the first quarter of 2018.
This compares to 2017 fiscal year GAAP operating income and net income of $410 million, or 0.88 percent of revenue, and $200 million, respectively.
Expanding its hybrid solutions portfolio for technology channel partners that serve midsized enterprises and small businesses, Ingram Micro Inc. was the first to market with a new private cloud solution powered by CenturyLink. Available and aggregated by Ingram Micro, this new solution drives profitability for Managed Service Providers ( MSPs) by enabling the delivery of an enterprise, hybrid private cloud solution, accessible for partners serving all types and sizes of business. Ingram Micro also achieved the VMware Master Services Competency in Data Centre Virtualisation.
Ingram Micro has deep expertise in technology solutions, mobility, cloud and supply chain solutions. This enables its business partners to operate efficiently and successfully in the markets they serve.
—ALAIN MONIé CEO, Ingram Micro