Tech Data Corp., Tampa Bay's biggest public company by revenue, beat analysts' expectations for both sales and profit in its fiscal second quarter.
The Clearwater-based computer products reseller said Tuesday that net sales rose 8 percent to $6.8 billion for the quarter ended July 31. The growth was driven in large part by Europe, which accounts for about 60 percent of global sales.
Net income for the quarter more than doubled to $39.3 million, or $1.03 per diluted share, up from $14.7 million, or 38 cents per diluted share, in the year-ago period....
TAMPA — Syniverse Holdings is squashing speculation about moving into a proposed downtown Tampa office building — at least for now— and replacing it with a more urgent task: finding a new leader.
Jeff Gordon, president and CEO of the Tampa-based mobile communications company since 2011, has resigned and board member Stephen C. Gray has been named interim CEO, the company disclosed in regulatory filings. No reason was given for Gordon's departure....
08/22/14 Personal Finance
TAMPA — Seven years have passed, and Tamesha Stubbs can still barely talk about that rainy Sunday night when her husband, Dion, lost control of his car on the way to work and crossed into oncoming traffic. Rushed to Lakeland Regional Hospital with serious head trauma, he died the next morning.
The loss sent the then-30-year-old widow spiraling into a deep depression, her sole solace knowing she and her 6-year-old daughter had a financial lifeline. Dion had left behind a Navy reservist policy, two life insurance policies, and nearly $90,000 in retirement benefits from his job as a Verizon technician— a total of $1.05 million in survivor benefits....
Inc. 500: Medical software firm, dog washing company rank among Tampa Bay's fastest-growing private companies08/20/14Corporate
MedHOK is the fastest-growing private company in Tampa Bay and 25th-fastest-growing nationwide, according to the just-released annual Inc. 500 report looking at three-year revenue growth.
The Tampa health care software company surged in revenue from $185,000 to $17 million between 2010 and 2013, a 9,109 percent growth rate. MedHOK, which stands for Medical House of Knowledge, provides a cloud-based service covering both prescription and medical care needs....
Beyond the relentless fields of sugar cane stalks, past the sign heralding Clewiston as "America's Sweetest City," just south of a cluster of aged mobile homes and modest ranch-style houses sits the weather-worn Lighthouse Apostolic Church.
Above a church notice offering Escuela Domingo (Sunday school) is another placard urging passers-by to "FROG — Fully Rely on God."...
08/15/14 Working Life
Just five months ago, during a brief stop at a metal fabrication plant at Port Tampa Bay, Gov. Rick Scott and Tampa Mayor Bob Buckhorn both sang the praises of Tampa Bay for leading all Florida metros in job growth.
They better change their tune.
The latest jobs report out Friday shows Tampa Bay lost 7,000 jobs last month and is fourth in year-over-year job growth behind Miami, Orlando-Kissimmee and Fort Lauderdale. While Florida's unemployment rate remained unchanged at 6.2 percent in July, Tampa Bay's jobless rate jumped from 6.3 percent to 6.8 percent. ...
08/14/14 Real Estate
Larry Richey, longtime head of Cushman & Wakefield's Tampa Bay operation, has been elevated to the role of statewide market leader for the commercial real estate firm.
Richey, 57, has been with C&W for 33 years, the past 23 as market leader of its corporate offices in Tampa, Orlando and Jacksonville. As he adds South Florida offices to his responsibilities, he will remain stationed in Tampa....
Tampa Bay area residents seeking cheaper flood insurance options have lost one of their lifelines. At least temporarily.
The Flood Insurance Agency, a Gainesville-based company offering flood policies backed by Lloyds of London, told insurance agents Wednesday that it had stopped writing new policies effective immediately in Pinellas, Hillsborough, Pasco, Manatee and Sarasota counties because it had reached capacity....
The St. Petersburg-based parent of C1 Bank on Wednesday put a price on its initial public offering that could raise more than $44 million.
C1 Financial, Inc. said it is offering 2,631,579 shares of common stock at $17 per share. Its underwriters have a 30-day option to purchase up to 394,737 additional shares at the public offering price less the underwriting discount. C1's common stock is expected to begin trading on the New York Stock Exchange Thursday under the symbol BNK....
TAMPA — Stock in Walter Investment Management tumbled more than 12 percent, closing at $24.75 Monday after the Tampa-based mortgage financing company reported disappointing earnings.
Walter posted adjusted net income for the second quarter of $45 million, or $1.19 per diluted share, compared to $88.6 million, or $2.36 per share, in the year-ago quarter. That figure, which missed Wall Street estimates by 5 cents a share, includes a goodwill adjustment of $82 million among other tax adjustments....
A nascent recovery in the housing market aside, Tampa Bay still has more than its share of residents struggling to stay in their homes.
Example: Wells Fargo shipped out more than 4,000 letters to customers who are either 30 days past due or have indicated they are struggling to make their mortgage payments, inviting them to attend a "home preservation workshop" next week.
As with past events, about 75 Wells Fargo loan specialists and HUD-approved credit counselors will be available to meet with delinquent homeowners who might qualify for a loan modification or the federal government's Home Affordable Modification Program. ...
Shares in WellCare Health Plans plummeted nearly 20 percent Friday after the Tampa managed care company released second-quarter earnings and lowered expectations for the remainder of the year.
WellCare, which provides services for government-sponsored Medicaid and Medicare programs, reported a second quarter net loss of $7.5 million, or $0.17 per diluted share, compared with net income of $46.9 million, or $1.07 per diluted share, for the year-ago period....
Raymond James Financial hit a fiscal trifecta Wednesday as it reported record quarterly profits and record revenues while exceeding analyst's expectations.
The St. Petersburg-based brokerage and financial services firm reported net income of $122.7 million for the fiscal third quarter ended June 30, up 33 percent from the year-ago period, which also included acquisition-related expenses of $13 million. ...
07/23/14 Working Life
Rosibel Pineda thought she was entering an "in-demand" industry when she graduated in June with a medical assistant degree from Keiser University.
More than three weeks and 30 applications later, she's still on the hunt for any job in the medical field or customer service.
"Online, they all say you need a year or two years of experience. But how do you get it? … The job market is still tough," Pineda, 27, said while visiting booths at a job fair Wednesday morning in Tampa. ...
07/18/14 Working Life
Florida's growth industry is once again, well, growth.
Figures released Friday show the state added 37,400 jobs in June, the single strongest month in four years, helping to push the state's unemployment rate down a notch to 6.2 percent.
One clear driver of that broad-based resurgence: Florida is once again a magnet for residents in other states and other countries. Florida's 16-and-up population has increased by 210,000 over the year, including 17,000 new Floridians in June alone. ...