The Channel logo

News

By | John Oates 22nd November 2010 15:28

Distie acquisition helps Tech Data beat the street

Sales and profits up

Tech Data increased sales for the three months ended 31 October 2010 by 9.2 per cent to $6.16bn.

The distie giant's profits for the period were up to $81m, compared to $65.1m for the same period last year.

This gives earnings per share of $1.07, compared to 84 cents in 2009.

Operating margin was 1.31 per cent, compared to 1.15 per cent in the third quarter of 2009.

During the quarter Tech Data completed the acquisition of Triade Holding BV, which distributes consumer electronics in Benelux, Denmark and Norway. The distie originally said it would not include sales from these firms in its accounts, but changed its mind; Triade and its subsidiaries Mobile Communication Company BV and MCC Belgium are now included from the date of the acquisition.

Tech Data said in its market statement: "Based upon the final analysis of the acquisition structure, Tech Data has determined that it is appropriate to consolidate MCC, therefore, Triade and MCC have been included in the company's consolidated financial statements subsequent to the date of acquisition."

The distie said it hoped to continue with solid sales growth and says that the fourth quarter "could exceed historical seasonal patterns, primarily in the Americas..." ®

alert Send corrections

Opinion

frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Gavin Clarke

This time, Larry's Oracle is going after the networking giants

Features

No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever
Failure to crack next-gen semiconductors threatens to set back humanity
SMEs get lip service - what they need is dinner at the Club