Overview:
Note: Tech Data announced on Mar 21, 2013 that it will restate some or all of its previously issued quarterly and audited annual financial statements for the fiscal years 2011 and 2012, and some or all of the quarters of fiscal year 2013, including its previously announced results for the fourth quarter and fiscal year 2013. Accordingly, investors should no longer rely upon the company's previously released financial statements and other financial data relating to these periods. The company is yet to file 10K for 2013 and 10Q for the first quarter and second quarter of 2014.
Incorporated in 1974 and based in Clearwater, Fla., Tech Data Corporation TECD is one of the leading providers of information technology IT products, logistics management and other value-added services. The company distributes and markets more than 150,000 products from more than 500 manufacturers and publishers.
The company provides extensive pre and post-sale training and technical support, external financing options, configuration services, outbound telemarketing and marketing services. In addition, the company provides e-commerce solutions, including online order entry, product integration services and electronic data interchange services.
The company offers microcomputer hardware and software products to value added resellers (53% of revenue in fiscal 2012), direct marketers and retailers (26% of revenue in fiscal 2012) and corporate resellers (21% of revenue in fiscal 2012).
The products may be categorized as peripherals, systems, networking and software. In fiscal 2012, the company generated 35% of its revenues from Systems, 29% from Peripherals, 19% from Networking and 17% from Software. The company generated approximately 25% of net sales in fiscal 2012 from products purchased from Hewlett Packard.
The company sells products in more than 100 countries and generates revenues primarily from two geographical segments: the Americas (including North and Latin America) and Europe. In fiscal 2012, the Americas segment accounted for 41% of total revenue while the remaining 59% was generated in Europe. In fiscal 2012, Tech Data shut down its commercial operations in Brazil and Colombia.
Tech Data faces significant competition from Ingram Micro Inc., Synnex Corp., Arrow Electronics Inc. and Avnet, Inc. along with some regional and local distributors.
Tech Data Corporation TECD: Read the Full Research Report
TECH DATA CORP TECD: Get Free Report
To read this article on Zacks.com click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.