Make us your home page
Instagram

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."

In tougher economy, Tech Data preps to distribute popular products 08/21/12 [Last modified: Sunday, August 26, 2012 4:23pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times

    

Join the discussion: Click to view comments, add yours

Loading...
  1. Airbag maker Takata bankruptcy filing expected in Japan, U.S.

    Corporate

    DETROIT — Japanese airbag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag inflators.

  2. Federal agencies demand records from SeaWorld theme park

    Tourism

    ORLANDO — Two federal agencies are reportedly demanding financial records from SeaWorld.

    Killer whales Ikaika and Corky participate in behaviors commonly done in the wild during SeaWorld's Killer Whale educational presentation in this photo from Jan. 9. SeaWorld has been subpoenaed by two federal agencies for comments that executives and the company made in August 2014 about the impact from the "Blackfish" documentary. 
[Nelvin C. Cepeda/San Diego Union-Tribune/TNS]
  3. Legalized medical marijuana signed into law by Rick Scott

    State Roundup

    TALLAHASSEE — Gov. Rick Scott on Friday signed into law a broader medical marijuana system for the state, following through on a promise he made earlier this month.

    Gov. Rick Scott signed legislation on Friday that legalizes medical marijuana in Florida.
  4. Line of moms welcome Once Upon A Child to Carrollwood

    Business

    CARROLLWOOD — Strollers of all shapes and sizes are lined up in front of the store, and inside, there are racks of children's clothing in every color of the rainbow.

    At Once Upon A Child, you often as many baby strollers outside as you find baby furniture and accessories. It recently opened this location in Carrollwood. Photo by Danielle Hauser
  5. Pastries N Chaat brings North India cuisine to North Tampa

    Business

    TAMPA — Pastries N Chaat, a new restaurant offering Indian street food, opened this week near the University of South Florida.

    The menu at Pastries N Chaat includes a large variety of Biriyani, an entree owners say is beloved by millions. Photo courtesy of Pastries N Chaat.