Ingram Micro ( IM) recorded the highest level of second-quarter sales in its history and said earnings rose 29% from the year-ago period. Revenue totaled $7.40 billion, an 8% increase from $6.84 billion in the prior year. The company, a distributor of various IT products, said earnings climbed to $53.8 million, or 32 cents a share, including stock-based compensation expenses of $7.7 million, or 3 cents a share. Last year, Ingram earned $41.7 million and 26 cents a share. "We delivered a solid quarter, with double-digit sales and operating income increases in three of our four regions," said Gregory Spierkel, Ingram's CEO. "The market environment in Europe was challenging during the quarter, as reported by many of our peers, but we were able to mitigate single-market obstacles through our diversified global footprint and expansion into adjacencies." For the third quarter, Ingram forecast revenue of $7.3 billion to $7.5 billion and earnings of 29 cents to 33 cents a share, including items.