Tech Data anuncia resultados récord en el tercer trimestre

29 de noviembre del 2000 - En inglés

CLEARWATER, FL — Tech Data Corporation, a leading provider of IT products and logistics management services, today announced record sales and earnings for the third quarter ended October 31, 2000. Net income for the third quarter increased 43.2% to $47.2 million, or $.82 per diluted share, compared with $33.0 million, or $.60 per diluted share in the third quarter last year. Sales in the third quarter increased 20.4% to $5.2 billion from $4.3 billion for the comparable quarter last year.

Net income for the nine months ended October 31, 2000 increased 38.5% to $125.2 million, or $2.22 per diluted share, compared with $90.4 million, or $1.67 per diluted share last year. Sales for the nine-month period ended October 31, 2000 increased 23.7% to $15.1 billion compared with $12.2 billion last year.

"We had a terrific third quarter in what is turning out to be an outstanding fiscal year," commented Steven A. Raymund, Tech Data's chairman and chief executive officer. "Our management team, electronic commerce strategy, business controls and overall execution continue to get stronger and stronger."

Third-quarter sales grew 31% in the U.S. and 23% in Europe on a local-currency basis. Rest-of-world sales increased 15%. Networking sales grew 30% during the third quarter, while peripherals and systems sales increased 23% and 21%, respectively. Software sales were flat during the third quarter, and accounted for approximately 11% of total sales. Peripherals business represented 45% of total sales, systems 27% and networking 17%. Electronic commerce sales grew to $5.0 billion on an annualized basis, an increase of 43% from the prior-year third quarter

Business Outlook

The following statements are based on current expectations and the Company's internal plan. These statements are forward-looking and as outlined in the Company's periodic filings with the SEC, actual results may differ materially.

The Company's current internal plan is for sales of $5.2 to $5.3 billion for the fourth quarter ending January 31, 2001 and sales of approximately $20.3 to $20.4 billion for the full fiscal year.

Based on the Company's current internal plan, estimated net income for the fourth quarter of fiscal 2001 ranges from $48 to $51 million, or $.84 to $.88 per diluted share, compared to net income in the prior year fourth quarter of $37.1 million, or $.67 per diluted share. In addition, the Company's current internal plan is for net income of approximately $173 to $176 million, or $3.06 - $3.10 per diluted share for fiscal 2001, compared to net income in the prior year of $127.5 million, or $2.34 per diluted share.

The forward-looking statements in this Business Outlook are based on current expectations and are subject to risks, uncertainties and assumptions described under the sub-heading "Forward-Looking Statements." Actual results may differ materially from the expectations expressed above.

Forward-Looking Statements

Certain matters discussed in this news release are forward-looking statements, based on the Company's current expectations, that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially include the following: business conditions and growth in the personal computer industry and general economy; competitive factors including compressed gross profit margins; inventory risks due to shifts in market demand; product availability; changes in product mix; changes in vendor terms and conditions; labor strikes; fluctuations in foreign currency exchange rates; income tax legislation; dependence on information systems and dependence on independent shipping companies. Additional discussion of these and other factors affecting the Company's business and prospects is contained in the Company's periodic filings with the Securities and Exchange Commission.

Tech Data will be discussing its third quarter results along with its outlook for the fourth quarter on a conference call today at 4:30 p.m. (EST). A live webcast of the conference call can be accessed via www.techdata.com. Alternatively, you may listen to the conference call via telephone by calling 1-800-585-9271 (in the U.S. or Canada) or 1-212-346-0317 (outside North America). A recorded version of the call will be available beginning at 6:00 p.m. (EST), for approximately one week, at 1-800-633-8284 (in the U.S. or Canada), or 1-858-812-6440 (outside North America), reservation #16822735. An archive of the webcast will also be available at www.techdata.com for one week.

About Tech Data

Tech Data Corporation (NASDAQ/NMS: TECD), founded in 1974, is a leading global provider of IT products, logistics management and other value-added services. The Fortune 500 company and its subsidiaries serve more than 100,000 technology resellers in the United States, Canada, the Caribbean, Latin America, Europe and the Middle East. Tech Data's extensive service offering includes pre- and post-sale training and technical support, financing options, configuration and assembly services as well as a full range of award-winning electronic commerce solutions. The company generated sales of $17 billion for its most recent fiscal year, which ended January 31, 2000.

Tech Data Third Quarter Financial Results (.pdf)