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

Memristor_wafer

Chris Mellor

Execution warrant close to being signed for Fink's folly
Woman cuddles 'sly-looking' Fennec fox. Photo by Shutterstock
Cartoon of employee asking wky boss makes hium wear suspenders (while pincer through open trapdoor remains poised above his head) illustration by Cartoon resource for Shutterstock

Frank Jennings

It's not like my boss painstakingly nurtured the contacts, right?

Features

Girl and computer, photo via Shutterstock
Middle-class terror of engineering also part of problem
Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world