INDIANAPOLIS-In its third quarter report, Brightpoint Inc. of Indianapolis reported net income of $9.42 million, or 18 cents per share, up from $5.93 million, or 12 cents per share, the same period a year ago.
Net sales totaled $445.77 million for the latest third quarter, up from $243.21 million during the same quarter of 1997.
“The increase in net sales reflects continued strength in the demand for wireless products and for the company’s value-added logistics services,” Brightpoint said. “Net sales in the third quarter of 1998 grew 34 percent compared to the second quarter of 1998, due primarily to the rapid migration from sales to other distributors to direct sales, taking advantage of the company’s newly established presence in the Europe, Middle East, Africa and Asia-Pacific divisions.”
