$TECD (Tech Data Corp.)

$TECD {{ '2016-09-08T15:56:17+0000' | timeago}} • Announcement

$TECD agreed with NetEnrich, an information technology infrastructure management company, to deliver professional migration and managed service offerings for Microsoft Azure and Enterprise Mobility Suite (EMS). The offering is available to solution providers in the United States through $TECD's Technical Services team.

$TECD {{ '2017-12-14T13:54:30+0000' | timeago}} • Announcement

$TECD has promoted Anne Devine-Pride to VP of Vendor Marketing, Enterprise Solutions, Americas. She will report to Chuck Bartlett, SVP of Vendor Solutions, Enterprise Solutions, Americas at $TECD.

$TECD {{ '2017-12-13T19:09:30+0000' | timeago}} • Announcement

$TECD announced the appointment of Sergio Farache to SVP, Global Cloud Solutions. Farache will join the Strategy, Transformation and Global Vendor Management organization and report to Michael Urban, Corporate VP.

$TECD {{ '2017-12-13T19:09:15+0000' | timeago}} • Announcement

$TECD has expanded its Datech Solutions and Maverick AV Solutions businesses into all its global markets. Datech Solutions and Maverick AV Solutions will be led by Mike Appel, VP, and Jon Sidwick, VP, respectively. They will report to Michael Urban, Corporate VP, Strategy, Transformation and Global Vendor Management.

$TECD {{ '2017-11-28T17:34:26+0000' | timeago}} • Webcast

$TECD has introduced a new brand identity during 3Q18, highlighting its expanded reach in technology distribution and services. Following the acquisition of $AVT's Technology Solutions, the company will now operate as a unified brand in all markets.

$TECD {{ '2017-11-28T17:29:29+0000' | timeago}} • Webcast

$TECD grouped its offering into two primary solutions portfolios in 3Q18. Endpoint Solutions, previously known as broadline offering includes PC systems, mobile phones and accessories. Advanced Solutions includes primarily data center technologies and next-generation technologies. This will help customers interact with $TECD's broad coverage model.

$TECD {{ '2017-11-27T21:58:44+0000' | timeago}} • Announcement

For 4Q18, $TECD expects its net sales to be in the range of $10.25-10.80Bil. Diluted EPS is anticipated to be about $2.39-2.69 and non-GAAP EPS to be in the range of $3.35-3.65.

$TECD {{ '2017-11-27T21:55:46+0000' | timeago}} • Announcement

$TECD reported a 41% jump in its 3Q18 net sales to $9.1Bil, helped by the addition of the Technology Solutions business acquired from $AVT. Net income during the quarter rose 2% to $37.3MM, compared to $36.5MM in the prior year period. Diluted EPS slipped 6% to $0.97 from $1.03 in 3Q17. Adj. EPS was $2.00, up 39% YoY.

$TECD {{ '2017-11-07T20:26:03+0000' | timeago}} • Announcement

$TECD appointed Carla Maria De Almeida Carvalho as managing director, Brazil. In this role, De Almeida Carvalho will oversee the strategic direction and execution of all sales and marketing functions for Tech Data's operations in Brazil.

$TECD {{ '2017-10-16T13:00:46+0000' | timeago}} • Announcement

$TECD announced an agreement with iDevices to distribute its line of Smart Home Technology products to retailers and solution providers. iDevices manufactures a premium line of connected power, lighting and climate control solutions for homeowners, professional installers and builders.

$TECD {{ '2017-09-26T18:52:04+0000' | timeago}} • Announcement

$TECD has added FlexPod SF, a converged infrastructure offering that features NetApp SolidFire all-flash storage array technology, to its FlexPod Modular Integration (FMI) program. FMI is a sales velocity program that helps partners expedite the sales of FlexPod solutions by managing the entire process from registration to shipment.

$TECD {{ '2017-08-31T16:29:43+0000' | timeago}} • Announcement

$TECD announced an agreement with Propel, a developer of consumer drones and remote-controlled helicopters, to distribute their Limited Collector's Edition Star Wars battle drones. This is in conjunction with $DIS and Lucasfilm's Force Friday II global fan event on Sept. 1, 2017 as a prelude to premiere of Star Wars: The Last Jedi on Dec. 15, 2017.

$TECD {{ '2017-07-10T17:40:40+0000' | timeago}} • Announcement

$TECD will offer a complete solution that integrates the new Microsoft 365 Business with its own Small Business Cloud Server offering, which runs on Microsoft Azure, to provide small and medium-sized businesses (SMBs) with an ideal platform for digital transformation.

$TECD {{ '2017-06-23T12:19:21+0000' | timeago}} • Announcement

$TECD announced the combined leadership of its Canadian operations following the acquisition of Avnet's Technology Solutions business. Ed Galasso has been promoted to VP and general manager, Sales and Product Marketing, for $TECD's Commercial and Retail business in Canada. Brian Aebig has been appointed VP, Sales for Enterprise Solutions business.

$TECD {{ '2017-06-15T19:32:49+0000' | timeago}} • Announcement

$TECD unveiled its new Agent365 service, designed to provide resellers a program to capitalize on cloud services. Agent365 delivers to resellers the operational systems and resources, including billing, provisioning, management and helpdesk, to support Microsoft Office 365 and other Microsoft cloud applications.

$TECD {{ '2017-06-01T17:21:22+0000' | timeago}} • Webcast

$TECD stated that Americas delivered strong 1Q18 results, as sales increased 45% to $3.5Bil. Technology Solutions contributed approx $1Bil to the topline. Sales rose 12% to $4Bil in Europe, while in the Asia-Pacific region, sales were $188MM.

$TECD {{ '2017-06-01T10:50:55+0000' | timeago}} • Announcement

$TECD expects 2Q18 worldwide net sales of $8.55-8.80Bil and non-GAAP EPS of $1.95-2.08. This forecast assumes stock compensation expense of about $7MM and interest expense of about $26MM. This estimate also assumes weighted average diluted shares outstanding of 38.5MM and effective tax rate of 31-33%.

$TECD {{ '2017-06-01T10:48:47+0000' | timeago}} • Announcement

$TECD reported a decline in 1Q18 earnings due to higher interest expenses. Net income fell to $30.65MM or $0.82 per share from $33.37MM or $0.94 per share last year. Net sales grew to $7.66Bil from $5.96Bil, on sales attributed to Technology Solutions business acquired from $AVT. Non-GAAP EPS increased to $1.87 from $1.05.

$TECD {{ '2017-04-19T13:21:45+0000' | timeago}} • Announcement

$TECD has nominated Karen Dahut for appointment to its BoD. Dahut will be included in Tech Data's proxy statement for election by its shareholders to serve as an independent director. Dahut serves as EVP at $BAH, where she leads the firm's Civil Commercial Group.

$TECD {{ '2017-04-12T15:22:25+0000' | timeago}} • Announcement

$TECD said its Technology Solutions business is adding software networking solutions from $BRCD to its award-winning Avnet Cloud Marketplace. As one of the world's largest $BRCD distributors, $TECD is the first technology distributor to add $BRCD software offerings to its cloud marketplace.

$TECD {{ '2017-04-11T15:50:52+0000' | timeago}} • Announcement

$TECD is expanding its SmartForce Internet of Things portfolio, offered by its Smart IoT Solutions practice, through a strategic partnership with Propel GPS, a Virginia-based solution provider.

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