Feeds

Europe's tail wags Tech Data's dog

Falling dollar, Azlan keeps profits up

  • alert
  • submit to reddit

The falling dollar and new money from Azlan helped Tech Data to easily exceed year-on-year net income and revenues for Q4, ended 31 January, 2004. The distie giant had net sales of $4.9bn, 22 per cent higher than last Q4's $4bn.

Net income was $38.9m, against a net loss of $303m last time around. Last year's Q4 had a whopping non-cash goodwill impairment charge of of $328.9m and net loss of $7.3m tied to the disposal of subsidiaries. Strip out the bad stuff and a like-for-like comparison would have produced a profit of $33.1m.

Q4 net sales in Europe, by far its biggest territory, were up 40.5 per cent (18.5 per cent on a local currency basis) to $3bn, and 2.1 per cent up in America. on Q4 last year. European results are benefiting from the inclusion of Azlan, Europe's biggest networking distie acquired last year, and incorporated into results for the last ten months.

Net income for the full year was $104.1m on sales of $17.4bn. ®

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.