* Q3 revenue up 14 percent to $8.45 billion
* Company sees more interest for iPad as business device
* Q3 adjusted EPS 44 cents vs Street view 43 cents
* Shares drop about 1 percent after hours
(Adds executive comments, background, byline)
By Alex Dobuzinskis
LOS ANGELES, Oct 28 Technology distributor
Ingram Micro Inc IM.N is seeing increasing interest in Apple
Inc's (AAPL.O) iPad tablet as a business tool, opening up a
larger potential market for the device.
Greg Spierkel, chief executive of Ingram Micro, said Apple
has preferred to sell the iPad to retailers but that the
company is increasingly letting his firm sell it to
"What it's telling us is that there's a (business to
business) opportunity starting to develop for these devices,
which is not necessarily where they were targeted initially,"
Spierkel told Reuters in an interview.
One significant use of tablets by businesses is by sales
representatives in the field, he said.
Apple reported this month that it sold 4.19 million iPads
in the quarter just ended, which was lower than expected due to
supply and production bottlenecks.
Spierkel said that in the business environment, Ingram
Micro customers are continuing to refresh personal computers
and related systems, leading to double digit growth there.
Ingram Micro also reported higher sales and profits that
only slightly beat expectations, leaving its shares largely
flat in extended trading.
Ingram Micro, the world's largest technology distributor,
reported a third-quarter net profit of $65 million, or 41 cents
per share, up from $42.3 million, or 25 cents a share, in the
year-ago period. Sales rose 14 percent to $8.45 billion.
Excluding some items, it earned 44 cents per share.
Analysts on average were expecting 43 cents per share,
according to Thomson Reuters I/B/E/S.
Ingram Micro shares were down about 1 percent in extended
trading, after closing at $17.85 on the New York Stock
(Reporting by Alex Dobuzinskis; Editing by Steve Orlofsky)