Distributor posted strong end to 2015 as YOY Q4 revenue grew by $150m to $7.4 billion
Tech Data saw its global revenue fall by almost $1.3 billion (five per cent) to $26.4 billion in the 12 months up to January 31.
Sales in Europe fell almost seven per cent year-on-year to $16 billion, though this was up eight per cent on a current currency basis, the distributor claimed.
It posted a gross profit of $1.3 billion, compared with $1.4 billion in January 2015. In Europe, non-Gaap operating income was $194 million, up from $175 million the previous year.
The distributor posted a strong final three months of the financial year. Yearly revenue for Q4 grew by $150 million to $7.4 billion, 64 per cent of which was generated in Europe.
Gross profit for the quarter was $354.6 million, down from $372.3 million, or 5.07 percent of net sales in the prior-year.
“Our fourth-quarter results marked a strong finish to an excellent fiscal year for Tech Data. Building upon the positive momentum of the first nine months, our teams in both regions executed well in Q4, delivering higher-than-expected sales and record fourth-quarter non-GAAP earnings per share,” said Tech Data CEO Robert M. Dutkowsky, (pictured above).
“At the beginning of the fiscal year, we set out to optimize our operations and leverage our infrastructure by aligning our resources with more strategic, higher-growth areas. This focus enabled us to achieve all of our aspirational financial objectives in fiscal 2016.
“Tech Data’s strong fiscal 2016 performance validates our strategy and firmly positions us to leverage new opportunities in the evolving IT marketplace on behalf of our customers, vendor partners, shareholders, and employees.”