Ingram Micro Overview and Company Details

Ingram Micro is a global leader in the technology and supply chain services industry. Founded in 1979 by Al and Susan Ingram, the company has grown to become one of the largest distributors of technology products in the world.

The company is headquartered in Santa Ana, California, and has a presence in over 160 countries worldwide. With a workforce of over 20,000 employees, Ingram Micro operates in a variety of markets, including technology, logistics, and cloud services.

Ingram Micro's main focus is on providing a wide range of services and solutions to businesses and organizations, including product distribution, logistics, and technical support.

Ingram Micro is a one-stop-shop for all your IT needs, offering a wide range of solutions and services.

The company's service offering includes financing, specialized marketing, lifecycle management, and technical pre- and post-sales professional support.

Ingram Micro provides displays and network devices, which can be a huge help for businesses looking to upgrade their technology.

Its service offering also includes cloud solutions to enterprise, government, manufacturers, legal, retail, and healthcare sectors.

The company's business operations span the Americas, Europe, the Middle East, Africa, and Asia-Pacific.

Ingram Micro offers cloud infrastructure solutions, business applications, communications and collaborations, backup and disaster recovery, and professional services.

Its product offerings include software-as-a-service and infrastructure-as-a-service products.

Ingram Micro's professional services include management and training solutions, digital solutions, and managed services.

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Ingram Micro operates in a competitive landscape with several key players. Ingram Micro Inc has its headquarters in the United States of America, specifically in Irvine, California.

The company is a private entity with a significant workforce, boasting 24,400 employees. In comparison, TD SYNNEX Corp, a public company, has its headquarters in the United States of America, in Fremont, California, and employs 23,000 people.

Another notable player is Arrow Electronics Inc, a public company with its headquarters in the United States of America, in Centennial, Colorado, and a workforce of 21,520 employees. Digital China Group Co Ltd, a public company based in China, has a smaller workforce of 5,909 employees and is headquartered in Beijing.

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ALSO Holding AG, a public company, is based in Switzerland and has a relatively small workforce of 5,366 employees. All of these companies, including Ingram Micro, operate in the same industry, making the competitive landscape quite dynamic.

Here's a comparison of the key parameters of these companies:

Ingram Micro Inc is a global distributor of computer parts, with its headquarters in Irvine, California. It's a significant player in the industry.

Ingram Micro Inc has had its share of financial challenges, including a fourth-quarter loss of $10.3 million in 2019. This was a stark contrast to the profit of $5.66 million it reported the previous year.

The company has also experienced a decline in sales, with a 4.1 percent drop to $5.89 billion in 2019. However, it's worth noting that Ingram Micro Inc predicted fourth-quarter sales would be at the high end of its forecast, and profit would meet or exceed analysts' expectations.

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Here are some key financial metrics for Ingram Micro Inc:

Ingram Micro Inc has also made significant changes to its operations, including cutting 1,000 jobs to save $30 million to $40 million annually. This move was in response to slowing demand in the market.

Ingram Micro's story begins in 1979 with the founding of Micro D, Inc. by Geza Czige and Lorraine Mecca, a husband and wife team who were both teachers. They started small, achieving approximately $3.5 million in sales in their first year.

The company's early success was impressive, and it laid the foundation for what would become a global industry leader. Micro D's growth was just the beginning of Ingram Micro's journey.

In 1982, four entrepreneurs founded Software Distribution Services in Buffalo, N.Y. This company would eventually become a key part of Ingram Micro's history.

Ingram Distribution Group acquired Software Distribution Services in 1985 and renamed it Ingram Software. Two years later, the operation was renamed Ingram Computer.

By 1989, Ingram Industries had acquired the remaining publicly traded shares of Micro D, merging the two companies to create the microcomputer industry's first $1 billion computer products wholesale distribution company, which was renamed Ingram Micro D.

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Ingram Micro Inc is a significant player in the tech industry, and its financial performance has been a topic of interest. The company reported a fourth-quarter loss of $10.3 million compared to a profit of $5.66 million the year earlier.

Ingram Micro's sales fell 4.1 percent to $5.89 billion from $6.14 billion. This decline in sales led to a loss, which is a notable shift from the previous year's profit.

To address the slowing demand, Ingram Micro decided to cut 1,000 jobs, which will save the company $30 million to $40 million annually. This move is part of the company's efforts to reduce costs and adapt to the changing market.

Here's a breakdown of the job cuts and their impact:

The company's leadership has also undergone changes, with Jerre L Stead stepping down as chief executive after three years in the post. Stead had planned to give away all his stock options wealth, despite a huge drop in their value.

Ingram Micro's financial performance has been a subject of interest, with the company's second-quarter profit falling by 34 percent to $33.2 million from $50.3 million a year earlier.

Ingram Micro has a significant global presence, with a presence in New Zealand where they've launched their Xvantage Integrations Hub digital experience platform.

The Xvantage Integrations Hub is designed to unify and simplify how partners interact, transact, and grow, making it easier to connect software-as-a-service tools and platform technologies.

Ingram Micro has partnered with leading CRM, ERP, CPQ, and accounting platforms like Salesforce, Dynamics, QuickBooks, and Xero, to name a few.

The Integrations Hub hosts a suite of internally developed applications, engineered with robust security protocols and aligned with globally recognised compliance standards such as ISO 27001 for Information Security Management and ISO 27701 for Privacy Information Management.

Ingram Micro's global platforms group president, Sanjib Sahoo, emphasizes the importance of integrations in a platform economy, where collective innovation and continuous transformation thrive.

The Xvantage Integrations Hub will be showcased at the inaugural Ingram Micro Experience New Zealand at the Auckland Showgrounds on 18 September, along with other platform features and tools.

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Ingram Micro has a strong track record of business growth and development, with a presence in over 160 countries worldwide.

Their global reach allows them to serve a diverse range of customers and partners, from small businesses to large enterprises.

With a revenue of over $44 billion in 2020, Ingram Micro is one of the largest technology distributors in the world.

Their extensive network of warehouses and logistics facilities enables them to efficiently deliver products to customers across the globe.

Ingram Micro's business growth is also driven by their focus on emerging technologies, such as cloud computing and cybersecurity.

Their investments in digital transformation and innovation have enabled them to stay ahead of the curve in a rapidly changing market.

The company's commitment to customer satisfaction has earned them numerous awards and recognition in the industry.

Ingram Micro's business model is centered around providing value-added services to their customers, including supply chain management and technical support.

Their expertise in these areas has helped them build strong relationships with their customers and partners.

By leveraging their global reach and expertise, Ingram Micro is well-positioned for continued business growth and development in the years to come.

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Ingram Micro has received numerous awards and recognition for its innovative products and services.

The company won the 2023 Technology Reseller Editor's Choice Award, based on design, innovation, and functionality.

In addition to this, Ingram Micro received two 2024 AWS Partner Awards, highlighting its commitment to excellence in the industry.

The company's innovative product, Xvantage, also received the 2024 Business Intelligence Group: Big Innovation Award.

In the UK, Ingram Micro was awarded the Stockies Awards: Platform Distributor of the Year.

In the Americas, Ingram Micro was recognized as the Microsoft Distributor Partner of the Year, while in EMEA, it was awarded the Microsoft Surface EMEA Distributor of the Year.

Here is a list of some of the notable awards received by Ingram Micro: