Ingram Micro Inc.: The Santa Ana wholesale...

Ingram Micro Inc.: The Santa Ana wholesale distributor of technology products and services reported a 29% increase in net income amid strong demand for computer-related products.

The company, which launched its initial public stock offering last week, reported that net earnings for the third quarter increased to $26.9 million from $20.8 million for the same period a year ago. Revenue advanced 26% to $2.9 billion from $2.3 billion. For the first nine months, net income was $77.6 million, 38% higher than the $56.2 million for the same period in 1995. Revenue was up 39% to $8.5 billion from $6.1 billion.

Ingram Micro’s stock rose 37.5 cents on the New York Stock Exchange, closing at $22.125 per share.