ngram Micro has reported a stunning Q2, with record sales and operating income in Europe and global sales up 20 per cent.
Worldwide sales were $6.84 billion, up from $5.72 billion in last year’s Q2.
Net income for the quarter was $41.7 million, or EPS of $0.26, up from $25.9 million, or EPS of $0.16, in the year-ago period.
Net income includes costs of $14 million related to the company’s outsourcing plan in North America and the integration of Tech Pacific.
CEO Greg Spierkel said in a statement: "Our disciplined approach and successful diversification strategy produced excellent results. We made considerable progress towards achieving our goals, but will not rest on our laurels."