Business · Companies · 17 hrs ago

Redington and Ingram Micro turn to AI and data centre demand for growth

Redington and Ingram Micro turn to AI and data centre demand for growth

Redington and Ingram Micro are expanding sales of AI and data centre equipment in India as demand for the infrastructure grows.

Both companies are technology distributors, supplying products to retailers and businesses.

Phones and laptops still make up most of their business, but AI-related sales account for roughly a fifth of revenue and are among their fastest-growing areas.

Redington said its software and technology solutions businesses grew 71% and 45% in the first half of its fiscal year, compared with 41% growth for the company overall.

Ingram Micro says AI is driving projects in areas including data centres, cloud, networking and cybersecurity; India is its second-largest market.

Redington expects technology solutions to remain its fastest-growing business, with data centre demand helping drive growth in the second half of its fiscal year.

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What people are saying

V S HariharanRedington chief executive
So second half, we continue to see TSG being a very strong number one in terms of growth driver, followed by SSG (software solutions group),
via Mint
Flavio Moraes JuniorIngram Micro India chief country executive
AI is driving a lot of new solutions, new projects across cybersecurity, data center, cloud, networking, even AI PCs (personal computers). So AI is driving a lot of growth in India,
via Mint