The Channel logo

News

By | Kelly Fiveash 22nd August 2007 16:58

Tech Data posts healthy Q2 profit

Beats Wall Street estimates

Shares in computer distributor Tech Data shot up eight per cent today on news that it had outshone Wall Street estimates on strong growth in the Americas.

The firm, which posted a healthy quarterly profit and gave a revenue forecast for the current quarter that was above market expectations, saw shares jump $3.06 to $38.28 on NASDAQ.

Net sales for the three months ended 31 July was $5.6bn, an increase of more than 13 per cent compared to the same period in 2006. Average analyst estimates had set a figure of $5.3bn.

Tech Data, which competes with Ingram Micro in the European and American computer distie marketplace, forecast Q3 sales of $5.75bn-$5.9bn, again ahead of average analyst forecasts of $5.67bn revenue.

The firm attributed strong PC growth in the American market for its bullish figures.

"We are extremely pleased with our second quarter performance as our focus on execution delivered strong results in both of our geographic regions.

"Through responsible sales and product management, we achieved record second-quarter net sales - highlighted by very strong growth in the Americas region that outpaced the market," said Tech Data's chief executive officer Robert Dutkowsky. ®

alert Send corrections

Opinion

Microsoft CEO Satya Nadella
ARA_LIbertad

Chris Mellor

Elliott Management sinks its teeth into retiring godhead
Satya Nadella
cloud computing Fight

Features

Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club
SAP Match Insights
Vorsprung durch grossendatatechnik, as we like to say in Germany
Inside the Google Lab where surgeons prepare the human/dog experiment
Big Blue exec tells El Reg what to keep an eye on