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Tech Data boosts profit in first quarter as revenue falls

Tech Data's stock surged 10 percent Thursday on news it boosted profits in what many assumed would be a tough quarter. The Clearwater information technology supplier reported net sales of $4.99 billion for its first quarter ending April 30. That's 17.7 percent below sales of $6.06 billion a year earlier. But cost-cutting helped raise profits to $31.8 million from $21.4 million at the end of the first quarter in 2008. Earnings per share came in at 63 cents, compared with 40 cents last year. At the end of trading Thursday its shares traded at $32.50.

Tech Data boosts profit in first quarter as revenue falls 05/21/09 [Last modified: Thursday, May 21, 2009 5:43pm]
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  1. Reload your SunPass account. Roadway tolls return Thursday.

    State Roundup

    TALLAHASSEE — Florida residents will no longer get a free pass traversing most stretches of the Florida Turnpike or certain local expressways across the state.

    With a push by the Florida Turpike to encourage more drivers traveling the Veterans and Suncoast Parkway to buy a Sunpass, motorists will begin to see more lanes converted to handle Sunpass. [Tampa Bay Times]
  2. Tampa Heights project gets $21.5 million in funding

    Real Estate

    TAMPA --- The Tampa-based Heights Community Development District got a financial boost from a $21.5 million tax-exempt bond issue to fund the waterfront community being built along the Hillsborough River just north of downtown Tampa. Proceeds from the bond issue are expected to used for new roads, sidewalks, the Tampa …

    Tampa's Heights Community Development District got a financial boost from a $21.5 million tax-exempt bond issue to fund the waterfront community being built along the Hillsborough River just north of downtown Tampa.
[Courtesy of Aerial Innovations, Inc.]
  3. Grocery chain Aldi hiring for 500 positions across Florida

    Retail

    Aldi, the German grocery store chain, is hiring for 500 positions across Florida, including at its locations in Tampa Bay. The company will hold a "one-day hiring spree" Thursday from 7 a.m. to 5 p.m. at all Aldi stores in the state, a Tuesday release said.

    Aldi, a German grocery store chain, is hiring for 500 positions across the state. | [Times file photo]
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    News

    TALLAHASSEE —Deadly carbon monoxide fumes have killed 11 people in Florida as Hurricane Irma's death toll rose to 42 on Tuesday, state officials reported.

    A resident walks by a pile of debris caused by a storm surge during Hurricane Irma in Everglades City. The isolated Everglades City community of about 400 people suffered some of Florida's worst storm surges, up to 9 feet (2.7 meters), when Hurricane Irma slammed the region eight days ago, leaving the insides of homes a sodden mess and caking the streets with mud. The storm affected nearly every part of the state, and, so far, the death toll stands at 42. [AP Photo | Alan Diaz]
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    Religion

    As the holiest days of the Jewish calendar approached, so did Hurricane Irma.

    Congregants open the ark which holds several torah scrolls during Selichot services at Congregation B'nai Israel of St. Petersburg on Saturday, September 16, 2017. The Jewish new year, Rosh Hashana begins at sundown on Wednesday night.