Tech Data Corp. makes Business Week's 'hottest tech companies' list of 2009
Lest it go unnoticed here in the Tampa Bay area, kudos to Clearwater's Tech Data Corp. which ranked in a recent list of Business Week magazine's "hottest tech companies of 2009." That's no small accomplishment when competing against the likes of Amazon, Oracle, IBM, Microsoft, Google and Apple, among many.
Business Week says each year, with the help of Standard & Poor's Compustat, it combs through the financial results of tens of thousands of publicly traded businesses (here and abroad) to find those that have done the best over the past year. BW ranks companies on four criteria: shareholder return, return on equity, total revenues, and revenue growth. Those with the best aggregate ranking go to the top of the list.
So how did Tech Data do? The company, with revenue of $24 billion and which distributes technology to retailers and resellers throughout Europe and the Americas, ranked 69th of 102 companies listed. Edward Raymund (in photo, courtesy of Tech Data), who founded the company in 1974, passed away last December at age 80.
Tech Data is also the biggest public company by revenue in the Tampa Bay area, and is one of the Times 10's largest companies.
So congrats, Tech Data.
--Robert Trigaux, Times Business Columnist