Tech Data enters a 9% more in the first quarter of its fiscal year

The wholesaler Tech Data Corporation has ended with sales of 6.728 million dollars in the first quarter of its fiscal year 2015, finished the past 30 April, which represents a growth of 9% compared to the same period last year.

Financial results for the first quarter of the fiscal year 2015, finished the past 30 April, They could not have been more positive for the wholesaler Tech Data, which has recorded net sales of 6.728 million dollars, which represents an increase in 9% compared to the same period of the previous year.

The European market has been one of the most active in the company's business operations, with net sales of 4.300 million (approximately a 63% of net sales worldwide), with an increase of 10% (and 5% percent in euros), compared to the first quarter of the previous fiscal year, and a non-GAAP operating profit of 23,8 million dollars, compared to 20,4 million dollars obtained in the same quarter of the last fiscal year.

El CEO de Tech Data Corporation, Robert M. Dutkowsky, has shown its satisfaction by “reporting a good start to our fiscal year. Our focus on execution, helped by an improvement in the general context of demand, has led to record sales in the first quarter, with near double-digit non-GAAP revenue growth year-over-year, and solid cash flow”.

In the year in which the company celebrates its forty years of business activity, This growth “has even exceeded our expectations,” says Dutkowsky., demonstrating our ability to achieve strong operational performance. We believe that our focus on the market and operations will allow us to build on this momentum during the fiscal year 2015 and beyond”.