Ingram Micro Inc., a Santa Ana-based distributor of computers, software and electronics, said Tuesday that second-quarter profit advanced 29% as the company shifted some operations to less-expensive regions.
Net income rose to $53.8 million, or 32 cents a share, from $41.7 million, or 26 cents, a year earlier, the company said. Sales gained 8.1% to $7.4 billion.
Chief Executive Greg Spierkel has controlled costs by shifting technical support and application development to less- expensive regions such as Asia while entering new markets. Ingram Micro bought SymTech Nordic last month to enter Europe's radio-frequency identification tag and point-of-sale data-capture market.
Excluding stock-option and other costs, profit was $49.1 million, or 30 cents a share, for the period ended July 1, missing the 32-cent average estimate of analysts surveyed by Thomson Financial. Thomson didn't say what was included in the estimates.