Wholesale technology distributor Ingram Micro Inc. (NYSE: IM), Santa Ana, CA, reported sales for the fiscal year ended Jan. 3 were up 9 percent to $46.5 billion. Profit declined 14 percent to $267 million.
Sales for the fourth quarter were $14 billion, up 18 percent compared to the same period a year ago. Fourth-quarter profit was $119 million, up 6 percent from 2013. The addition of a 14th week in the fourth quarter benefited worldwide sales by approximately 7 percentage points when compared to last year.
