Wednesday, June 20, 2018
Business

In tougher economy, Tech Data preps to distribute popular products

Clearwater technology product distributor Tech Data Corp. said some of the top products it will distribute in the latter half of 2012 include Apple's iPhone 5, Microsoft Windows 8 software and big screen TVs with built-in Wi-Fi. CEO Bob Dutkowsky also said he sees rising demand for security products, especially small cameras with wireless connections that consumers can use to improve home security or to view the status of a second home.

Tech Data announced that its quarterly profit fell short of analysts' estimates, pulled down by a stronger dollar and thinner margins.

The company earned $34.4 million on $5.96 billion in sales in the second quarter, compared to net income of $50.1 million on $6.45 billion in sales in the year-ago quarter.

The company forecast declining third-quarter sales in the Americas, though Dutkowsky remains bullish on Europe where Tech Data does 60 percent of its business. Sales were hurt by its exit from Brazil and Colombia and a weaker economic global economy. Tech Data also said it had finished installing SAP business software in the United States, a core productivity tool that Dutkowsky called the biggest internal IT project in the company's history. Said Dutkowsky: "I think Tech Data is now poised for a whole new level of performance."

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