0
General

Tech Data profit jumps over 200% amid 11% higher revenues in Q3

Thursday 29 November 2018 | 13:36 CET | News
Tech Data, which welcomed a new CEO in June, reported strong third quarter results, with revenues up over 10 percent and the net profit jumping over 200 percent. Growth came all the regions, with cash from operations enough for the company to pay down USD 100 million in debt and returning USD 44 million to shareholders through share buybacks, CEO Rich Hume said.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Tech Data
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Tech Data reports record FY, guides for lower Q1

Published 07 Mar 2019 14:27 CET | World
Tech Data reported another strong set of results for the fourth quarter, capping what it says was a record full year. As a ...

Tech Data names Malhotra to president, APAC and Global Computing Components

Published 30 Jan 2019 11:08 CET | Asia
Tech Data appointed Jaideep Malhotra to president, Asia Pacific and Global Computing Components, effective immediately. In this ...

Tech Data expands partnership with Aruba in Brazil

Published 18 Dec 2018 18:55 CET | Brazil
Tech Data announced an expanded channel partnership with Aruba, a Hewlett Packard Enterprise company, to provide enterprise ...

Tech Data names Hannon as VP of Public Sector Solutions

Published 14 Nov 2018 10:25 CET | United States
Tech Data named Tim Hannon as VP of Public Sector Solutions. In his new role, Hannon will be responsible for providing strategic ...

Tech Data expands Costa Rica operations with new Escazu facility

Published 13 Nov 2018 11:13 CET | Costa Rica
Florida-based Tech Data has announced the launch of a new Customer Lifecycle Management Services location in Costa Rica. The ...

Tech Data adds CloudCheckr to StreamOne Cloud platform

Published 06 Nov 2018 10:26 CET | World
Tech Data added CloudCheckr Analytics and Management packages to its StreamOne cloud platform worldwide. CloudCheckr is available ...

Tech Data signs European agreement with SoftApp

Published 17 Oct 2018 10:16 CET | Europe
Tech Data has announced a pan-European agreement with unified communications (UC) specialist SoftApp Distribution to make 'The ...

Tech Data launches TaaS for bundled data centre services, hardware

Published 11 Oct 2018 09:49 CET | United States
Tech Data launched 'Tech-as-a-Service for Advanced Solutions,' a new utility-based billing programme that allows customers and ...

Tech Data launches Branch Interconnect, Clinic Interconnect

Published 10 Oct 2018 14:08 CET | World
Tech Data launched Branch Interconnect and Clinic Interconnect, two cloud-managed digital transformation products that provide ...

Tech Data starts USD 200 mln share buyback programme

Published 03 Oct 2018 09:39 CET | World
Tech Data has authorised a new share buyback programme of up to USD 200 million worth of stock. CEO Rich Hume said the move ...

Verve Connect eyes European expansion with Tech Data deal

Published 25 Sep 2018 20:55 CET | United Kingdom
UK-based Verve Connect has signed a distribution deal with Tech Data Mobility to supply IMO-branded Android smartphones and ...

Tech Data partners with iPass to expand Wi-Fi connectivity in Brazil

Published 24 Sep 2018 10:49 CET | Brazil
Tech Data has signed an agreement with global mobile connectivity and location technology provider iPass to expand distribution ...

Tech Data to distribute Cloudera services in Australia, New Zealand

Published 12 Sep 2018 09:27 CET | Australia
Cloudera, the platform for machine learning and analytics optimized for the cloud, has appointed Tech Data as its first ...

Tech Data enters European agreement with Sigfox

Published 26 Jul 2018 10:06 CET | Europe
Tech Data entered into a pan-European agreement with French provider of IoT networks Sigfox. Through this new partnership, Tech ...

Tech Data enters European distribution agreement with Telna

Published 04 Jul 2018 17:27 CET | Europe
Tech Data entered into a pan-European distribution agreement with Telna, a vertically integrated network-as-a-service (NaaS) for ...

Tech Data Switzerland partners with Beekeeper

Published 18 Jun 2018 11:18 CET | Switzerland
Tech Data Switzerland, a leading value-added distributor of IT products and services, has tied up with the Beekeeper software ...

Tech Data COO promoted to CEO from 6 June

Published 19 Apr 2018 14:37 CET | World
Distributor Tech Data has appointed a new CEO from 6 June. Richard Hume, the company's COO, has been promoted to CEO, succeeding ...





Calendar   /   Industry Events

26 Jan Cisco Live
27 Jan Sprint fiscal Q3
27 Jan Juniper Networks Q4 2019
27 Jan F5 Networks fiscal Q1
28 Jan Calix Q4 2019
28 Jan AudioCodes Q4 2019
28 Jan Airtel Africa fiscal Q3
28 Jan Dtac Q4 2019
28 Jan CEM in Telecoms Global Summit
29 Jan Telia Q4 2019
29 Jan AT&T Q4 2019
29 Jan Mellanox Q4 2019
29 Jan Limelight Networks Q4 2019
29 Jan Cirrus Logic fiscal Q3
29 Jan Telenor Q4 2019
29 Jan Facebook Q4 2019
29 Jan Extreme Networks fiscal Q2
29 Jan Qorvo fiscal Q3
29 Jan Microsoft fiscal Q2
29 Jan KPN Q4 2019
29 Jan Elisa Q4 results
29 Jan European 5G Conference
30 Jan BT fiscal Q3
30 Jan NTT Docomo fiscal Q3
30 Jan Verizon Q4 2019
30 Jan Samsung Electronics Q4 2019
30 Jan Amazon Q4 2019
30 Jan The Things Conference
30 Jan FCC meeting
31 Jan Charter Q4 2019
::: More Calendar Items