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Home > Fortune 500 Companies > Tech Data Corp.
Tech Data Corp.
Tech Data Corp is a publicly traded company having a good stock performance result. It’s a Fortune 500 stock listed company trading under TECD. Tech Data Corporation was established in 1974. Steve Raymund is the Chairman and Ceo of the company.
Tech Data gets the goods to global gadget dealers. Tech Data provides more than 80,000 different items to more than 90,000 resellers in 100 countries. Its catalog of products includes computer components like disk drives, keyboards, and video cards, networking equipment such as routers and bridges, peripherals such as printers, modems, and monitors, systems and software. Tech Data also provides technical support, configuration, integration, financing, electronic data interchange and other logistic and product fulfillment services.
For more than a decade Tech Data has been recognized by Fortune magazine as one of the nation's largest companies having 107th rank on the 2006 Fortune 500. Tech Data generated 20.5 billion dollars in sales for its most recent fiscal year ended January 31, 2006.
The company's business model enables technology solution providers, manufacturers and publishers to cost-effectively sell and support end users ranging from small-to-midsize businesses to large enterprises.
For the six-month period ended July 31, 2005, the company incurred a net loss of 25.9 million dollars or 0.44 dollars per diluted share, on a GAAP basis, compared with net income of 65.3 million dollars 1.11 dollars per diluted share in the prior year. On a non-Generally Accepted Accounting Principles basis excluding the restructuring program charges, consulting costs and the 56.0 million dollars charge to increase the valuation allowance against certain deferred tax assets, net income was 49.7 million dollars,0.84 dollars per diluted share for the six-month period ended July 31, 2005.
Tech Data's has steady ranking among the nation's largest companies is an evidence to the creativity and dedication of nearly 8,000 employees worldwide. The company Bellsouth Corp strives for superiority in everything that they do including excellent customer service for customers, a great place to work for employees and outstanding performance for shareholders. Tech Data will be customers' choice for high-value, high-quality data, technical support and services.
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