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Ingram Micro (NYSE: INGM) has announced its participation in the upcoming Morgan Stanley Technology, Media and Telecom Conference. The company's Chief Financial Officer, Mike Zilis, will engage in a fireside chat scheduled for Wednesday, March 5th at 9:15 a.m. Pacific Time (12:15 p.m. Eastern Time).
Investors and interested parties can access both the live webcast and replay of the fireside discussion through Ingram Micro's investor relations website at https://ir.ingrammicro.com.
Ingram Micro (NYSE: INGM) announced the merger of its two partner communities - SMB Alliance and Trust X Alliance (TXA) - under the unified Trust X Alliance brand. The combined community, now designated as Elite members of the new Ingram Micro Ultra loyalty program, comprises over 500 Technology Advisors and MSPs globally.
The company appointed John Fago as executive director of worldwide growth marketing and Kelly Sander as executive director of U.S. SMB sales to lead the community. The merged entity has established presence in the U.S., Canada, U.K., Austria, Switzerland, and Germany, with members frequently recognized in prestigious channel trade lists including CRN's MSP 500 and Channel Futures' MSP 501.
The expanded Trust X Alliance community aims to enhance collaboration, knowledge sharing, and strategic growth opportunities among its members. Membership is by nomination and invitation only, with plans for a Leadership Summit in March 2025 focusing on mindset, growth, applied technology, and business excellence.
Ingram Micro (NYSE: INGM) has scheduled the release of its fourth quarter and fiscal year 2024 financial results on Tuesday, March 4, 2025. The company will host a conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) on the same day to discuss the results.
The financial results press release will be issued after market close on March 4, prior to the conference call. Investors can access the live webcast, press release, and related materials through the company's investor relations website. The call will be accessible via domestic (201-689-8796) and international (877-407-9781) phone numbers.
A telephonic replay will be available until March 18, 2025, and a webcast replay will also be accessible through the company's IR website.
Proofpoint has expanded its partnership with Ingram Micro (NYSE: INGM) to revolutionize channel partner sales processes. Through Ingram Micro's Xvantage™ digital experience platform, partners can now deliver Proofpoint's cybersecurity solutions more efficiently to SMB customers.
The integration enables automated quoting, ordering, provisioning, and purchasing, reducing previously complex workflows from hours to minutes. Proofpoint's threat defense solutions, including Core People Protection, ZenGuide, and Proofpoint Essentials, offer protection against human-targeted cybersecurity threats, impersonation attempts, and supplier fraud.
As the first security SaaS company to fully embrace this level of automation, Proofpoint demonstrates its commitment to partner-first approach. The platform provides instantaneous quote generation, automated ordering, and rapid approval reception, allowing partners to scale their business more effectively.
Ingram Micro (NYSE: INGM) has promoted Sanjib Sahoo to President of Global Platform Group, strengthening its transformation from a technology distributor to a B2B platform innovator. Sahoo, previously serving as executive vice president and chief digital officer, will lead the company's platform strategy and continue developing Xvantage, their AI-driven digital experience platform.
Xvantage, currently operational in 16 countries, features approximately 29 million lines of code, 20 intelligent engines, and 30 pending patents. The platform enables real-time interactions, data exchange, insights, and purchasing for Ingram Micro's 161,000 customers and 1,500 vendors globally. Key enhancements include end-to-end automation of transactions, automated cloud subscription management, AI-driven business insights, and a native mobile app.
The company has also announced a Strategic Collaboration Agreement with AWS, aimed at expanding channel business through Xvantage.
Ingram Micro has secured two prestigious 2024 AWS Partner Awards, marking significant achievements in cloud services distribution. The company won the Global Distributor Partner of the Year award for the second consecutive year, recognizing their contributions to growth and partner enablement. Additionally, their subsidiary BRLink received the Innovation Partner of the Year award for the LATAM region.
The company recently integrated AWS Marketplace into their AI-powered Xvantage digital platform, streamlining operations for channel partners. As a Premier AWS Consulting Partner, Ingram Micro provides technical resources, sales support, and professional services to help partners establish and expand their AWS business. The awards, announced at AWS re:Invent 2024, were evaluated by Canalys using objective metrics and customer success cases.
Ingram Micro (NYSE: INGM) has announced a new multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS) to enhance cloud solutions and service delivery capabilities through its digital platform Xvantage™. The agreement focuses on two key areas:
1. Expanding professional services capabilities, including cloud assessment, migration, and AI services using AWS tools like Amazon Bedrock and SageMaker.
2. Enabling Independent Software Vendors (ISVs) and channel partners to initiate Channel Partner Private Offers through AWS Marketplace and Ingram Micro Xvantage.
As the only AWS Distributor offering such services globally, Ingram Micro will help partners list offerings at scale and build industry-specific solutions for sectors including Retail, Manufacturing, Education, Healthcare, Finance, and Government.
Ingram Micro (NYSE: INGM) announced a restructuring plan that will reduce its workforce by approximately 850 associates by the end of Q1 2025. The company frames these changes as strategic initiatives aimed at improving organizational efficiency and enhancing customer service capabilities to support long-term growth. The company stated it will provide support to affected employees in line with standard practices.
Ingram Micro (NYSE: INGM) reported fiscal Q3 2024 results with net sales of $11.8 billion, down 1.4% year-over-year. The company posted net income of $77.0 million and diluted EPS of $0.35. Gross margin improved by 2 basis points to 7.19%. Regional performance varied, with Asia-Pacific showing growth while North America and Latin America experienced declines. The company's focus on cloud-based solutions and Other services contributed to margin improvements in certain regions. Cash used in operations was $277.0 million, though year-to-date cash provided by operations remained positive at $23.9 million.
Ingram Micro (NYSE: INGM) has announced it will release its fiscal third quarter 2024 financial results on Tuesday, November 12, 2024. The company will host a conference call at 2:00 p.m. Pacific time (5:00 p.m. Eastern time) to discuss the results. A financial results press release will be issued before the conference call. Investors can access the live webcast and press release through the company's investor relations website, with domestic and international call-in numbers available. A replay will be accessible through November 26, 2024.
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