Tech Data Ranks 102 On 2009 Fortune 500
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The IT Products Distributor Marks 14th Year among America`s Largest Companies CLEARWATER, Fla.--(Business Wire)-- Tech Data Corporation (NASDAQ:TECD), a leading IT products distributor, is 102nd on the 2009 Fortune 500®, climbing three spots on Fortune magazine`s annual list of the nation`s largest companies. Tech Data generated record net sales of $24.1 billion for its most recent fiscal year ended January 31, 2009. "Fiscal 2009 was a record-setting year for Tech Data, with the company surpassing $24 billion in net sales for the first time in our history," said Tech Data CEO Robert Dutkowsky. "This strong performance - amid challenging economic conditions - underscores the value Tech Data provides to the technology industry. We are an indispensable link in the IT ecosystem, connecting leading hardware, software and services providers - through our reseller customers - to technology users worldwide." Positioned For The Long Term Tech Data continues to deliver outstanding results, while positioning itself for long-term success by focusing on its core strategies of execution, diversification and innovation. Last year, Tech Data invested in acquisitions, resources and infrastructure; continued to enhance processes and service levels; and gained market share in select geographies. These strategic initiatives include: * Extending billions of dollars in credit and adding new financing programs so resellers have access to the financial resources they need to close deals and maximize the profitability of each sale * Adding new resources to support resellers focused on key market segments with projected growth in IT spending, including small and medium businesses; local, state and federal government; healthcare; and education * Acquiring certain assets of Nordics-based IT distributor Scribona, making Tech Data the region`s market leader * Gaining traction in the mobile phone and wireless device market through the company`s Brightstar Europe joint venture, which distributed its one millionth handset earlier this year * Implementing SAP Warehouse Management System throughout its eight logistics centers in North America, adding new efficiencies and cost savings to the IT supply chain * Continuing to add support for emerging technologies such as data center infrastructure, server and storage virtualization, digital signage, wireless networking and IP video surveillance * Diversifying into new product categories by expanding into consumer electronics such as netbooks, GPS devices and HD-TVs in the Americas, and specialized A/V solutions in the United Kingdom * Establishing the Cisco Solutions Group, providing highly trained and dedicated resources for Cisco value-added resellers * Delivering industry leading e-business tools to help customers streamline operations and generate new revenue opportunities * Expanding drop-shipping capabilities to new countries throughout Latin America "IT depends on us," added Dutkowsky. "In fiscal 2009 Tech Data sold more than $90 million worth of IT products every day. Thanks to the dedication and expertise of our 8,000 employees across the Americas and Europe, Tech Data enables our customers and vendor partners to efficiently and profitably deliver the latest IT solutions to end users in virtually every industry segment. Very few companies in the world can deliver such a diverse value proposition." History Of Success Tech Data is a member of the Fortune 500 "Hall of Fame," one of only a handful of companies ranked that have risen more than 250 places on the list. In 2005, Fortune placed Tech Data atop its "Hall of Fame," citing, "Tech Data has risen faster on the Fortune 500 than any other company [over the past 10 years] … It has outsmarted rivals by keeping expenses and debt low. Boom or bust, smart management never goes out of style." About Tech Data Tech Data Corporation (NASDAQ GS: TECD) is one of the world's largest distributors of technology products from leading IT hardware and software producers. Tech Data serves more than 125,000 IT solution providers in over 100 countries. Every day, these value-added resellers depend on Tech Data to cost-effectively support the technology needs of end users, including small and medium businesses (SMB), large enterprises and government agencies. Ranked 102nd on the FORTUNE 500(R), Tech Data generated $24.1 billion in net sales for its fiscal year ended January 31, 2009. To learn more, visit www.techdata.com. Tech Data Corporation Jarred LeFebvre, 800-305-3374 jarred.lefebvre@techdata.com Copyright Business Wire 2009
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